SMM Daily: Coking Coal Futures Fluctuate, Fundamentals Gradually Stabilize with Downward Price Pressure

[SMM Daily Review: Coking Coal Futures Fluctuate Rangebound, Most Coke Enterprises Ship Normally]

Today, coking coal futures fluctuated rangebound, and the spot market saw sluggish transactions. Supply side, coal mines continued normal production, and coking coal supply remained ample. Demand side, as the weather turned colder, the purchase willingness of downstream steel mills and coke enterprises improved somewhat, but overall remained cautious, maintaining low raw material inventory. Therefore, the short-term fundamentals of coking coal may gradually stabilize, but due to the continued sluggish end-use steel consumption, coking coal prices are expected to fluctuate downward in the short term.