SMM Daily: Coke Coal Futures Decline Volatily, Prices Stabilize with Downward Trend

[SMM Daily Commentary: Futures Market Declines with Volatility; Coke Prices Stabilize with a Slight Downward Trend]

Today, coking coal futures experienced volatile declines, and market sentiment was strongly bearish. On the demand side, due to poor end-user steel consumption, steel mill profits continued to shrink, leading to stronger expectations of coke price reductions. This resulted in a notable decrease in purchasing willingness among traders and coking plants, with the market generally adopting a wait-and-see attitude. Online auctions mostly ended in unsuccessful bids. Therefore, in the short term, coking coal prices are expected to continue to stabilize with a slight downward trend.