Coke Futures Plunge, Signaling Potential 4th Round of Price Cuts Amid Weak Market Sentiment

[SMM Daily Comment: Coke Futures Fall Sharply, Coke May Initiate the Fourth Round of Price Reduction]

Affected by the sharp decline in coking coal futures, the prices of coking coal in some regions continued to fall today, and trading in the spot market was sluggish. On the demand side, downstream coking plants and traders generally took a wait-and-see approach, causing coal mines to experience difficulties in shipping, and some coal mines faced certain inventory pressures. Looking ahead, the terminal steel market remains sluggish, and there are still expectations of coke price reductions. In the short term, the price of coking coal will continue to experience a downward trend with fluctuations.