[SMM Daily Commentary: Macro Positive News Frequent, Coke Futures Rise Sharply]
Driven by today's macro positive news, market sentiment has significantly improved, with traders' speculative demand noticeably increasing. On the supply side, coking coal supply remains stable, and coal mines continue normal production. In terms of demand, despite the expected rise in coke prices, coke enterprises remain cautious in their purchases, mostly procuring based on actual needs. Traders have shown a marked increase in inquiries, leading to slight price hikes for some coal types and a rebound in speculative demand. Looking ahead, fueled by both the macro positive news and the expected rise in coke prices, it is anticipated that the price of coking coal will continue to stabilize with a slight upward trend in the short term.
