Coking Coal Futures Fluctuate Amid Seventh Round of Coke Price Cuts; Stable Demand Expected

[SMM Daily Commentary: Iron Ore Output Continues to Decline in Steel Mills, Coke Kicks Off Seventh Round of Price Cuts]

Today, coking coal futures fluctuated, and transactions in the spot market continued to improve. The online auction of coking coal saw better results today, with a slight increase in auction prices and an increase in the enthusiasm of downstream coking plants and traders for procurement. Looking ahead, as the seventh round of coke price cuts commences, coke enterprises will continue to prioritize procurement based on demand. However, due to the need for restocking, coke enterprises will maintain stable demand for coking coal in the short term, leading to narrow fluctuations in coking coal prices.