SMM Daily: Favorable Macro Outlook Boosts Coking Coal Futures, Spot Market Holds Steady

[SMM Daily Review: Favourable Macro Front Drives Futures Up, Coke Spot Market Remains Stable]

Today, coking coal futures fluctuated upward, and the spot market transactions remained stable. On the fundamentals side, coking coal continued to exhibit a loose supply pattern. Recently, driven by favourable macro expectations, coking coal futures fluctuated upward, easing market sentiment, with some coal mines standing firm on quotes. However, downstream coke enterprises' demand remained generally weak, and traders continued to adopt a wait-and-see approach. It is expected that coking coal prices will remain stable in the short term.