Coking Coal Futures Soar to Limit-up, Boosting Coke Prices for Fourth Round Increase Amid Robust Market Sentiment

[SMM Daily Commentary: Coking Coal Futures Hit Limit-up, Coke Initiates Fourth Round of Price Increase]

Today's futures market experienced a significant surge, with coking coal futures closing at the daily limit-up. In the spot market, trading in coking coal improved, but as coking plants have largely completed their pre-holiday restocking, terminal purchases remained relatively low. Some traders have started entering the market to secure supplies, driving up speculative demand. In the short term, fueled by the strong performance of futures and expectations of post-holiday restocking, coking coal prices are expected to remain strong and fluctuate within a higher range.