National Development and Reform Commission: The pace of supply recovery is slow and it is expected that the coking coal market will operate with a bias towards strength in June.

According to the Price Monitoring Center of the National Development and Reform Commission, in May, the coking coal market was mainly driven by supply shrinkage, demand support, and market sentiment, leading to price increases. Looking ahead to June, despite entering the low season for construction steel demand and the possibility of a temporary peak and decline in pig iron production, the impact of coal mining accidents at the end of May continues to linger, with a slow pace of supply recovery and strong market optimism. The coking coal market prices are expected to remain strong. The center's survey of major coking coal producers and coking enterprises nationwide shows that the coking coal price expectations index for June is 86.0%, an increase of 7.2 percentage points from the previous month, remaining above the 50% threshold, with the majority of the market continuing to be bullish in June.