Severe Pollution Weather Threatens Coke Supply, But Fundamentals Remain Steady Amid Market Uncertainty

[SMM Daily Commentary: Severe Pollution Weather May Affect Coke Supply, Coke Fundamentals Remain Stable]

Today, the coking coal futures market experienced a relatively strong fluctuation, while transactions in the spot market were generally sluggish. On the supply side, coal mines in major production areas maintained stable supply. On the demand side, downstream coke enterprises primarily engaged in procurement based on demand, while traders generally adopted a wait-and-see attitude, leading to subdued online auction transactions. The prices of coking coal in some regions continued to decline slightly, amidst heavy market pessimism. Looking ahead, given the anticipated downward adjustments in coke prices, it is expected that coking coal prices will continue to stabilize with a slight downward trend.