[SMM Daily Commentary: Futures Market Showing Weak Fluctuations with a Small Rise in Low-sulfur Prime Coking Coal]

With the continuous strengthening of the futures market recently, the trading volume of coking coal market has picked up, online auction trading has improved, and the main coal types have performed strongly, leading to an increase in online auction transactions with price hikes. However, considering the impact of the steel consumption off-season, the overall market is still cautious, speculative demand remains cautious, and market transactions are mainly driven by coke enterprises replenishing their inventories. In the short term, the upward space for coal prices is limited, and coking coal prices will continue to fluctuate narrowly.