SMM Commentary: Coking Coal Futures Slide, Prices Hold Steady Amid Mixed Market Outlook

[SMM Daily Commentary: Futures Market Fluctuates Downwards, Coke Prices Remain Stable]

Today, the supply of coking coal remained stable, with only individual coal mines in Shanxi affected by accidents, while the rest of the mines operated normally. On the demand side, downstream coke enterprises mainly purchased on an as-needed basis, and traders showed little speculative sentiment. Looking ahead, although the fundamentals of coking coal supply and demand have been stable recently, it is expected that coking coal prices will trend downwards amidst stability due to the continuous decline in the futures market and the weak consumption of steel products at the end market.