Black Metal Futures Rise Amid Stable Supply, Expectations of Coke Price Hikes Intensify

[SMM Daily Commentary: Black Metal Futures Fluctuate Upwards, Coke Price Increase Expectations Intensify]

The fundamentals of coking coal supply and demand have remained largely unchanged. On the supply side, coal mines are operating normally with stable supply. On the demand side, coke plant operating rates continue to remain low, and overall terminal demand for coking coal is relatively weak. Today, with the recovery of futures prices, market speculative demand has picked up somewhat. Overall, the fundamentals of coking coal are showing signs of improvement. Therefore, in the short term, coking coal prices are expected to remain stable.