Coking Coal and Coke Futures See Rangebound Fluctuations; Steel Mills Implement Fourth Coke Price Cut

[SMM Daily Review: Coking Coal and Coke Futures Fluctuate Rangebound, Steel Mills Initiate Fourth Round of Coke Price Cuts]

Today, coking coal futures fluctuated rangebound, and the spot market saw sluggish transactions. In terms of supply, coking coal supply remained ample. On the demand side, traders mainly adopted a wait-and-see approach, while end-user coking plants purchased as needed. Looking ahead, due to the impact of the central economic meeting next week, market sentiment has somewhat improved. However, the fundamentals of coking coal remain relatively loose, and traders are generally cautious. It is expected that coking coal prices will continue to fluctuate downward next week.