[SMM Daily Commentary: Futures Market Declines with Volatility, Coke Prices Remain Stable]
Today, coking coal futures experienced volatile declines, and market sentiment worsened again, leading to slight decreases in coking coal prices in some regions. From the supply side, mines are highly motivated to produce, resulting in a slight increase in coking coal supply. On the demand front, downstream coke enterprises generally adopt a purchase-on-demand approach. In terms of traders, recent macroeconomic expectations have strengthened, and traders' speculative demand has recovered. Looking ahead, coking coal prices may remain stable in the short term, driven by macroeconomic expectations.
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