SMM Commentary: Coke Prices Steady Amid Volatile Futures Market

[SMM Daily Commentary: Futures Market Opens Low but Closes High; Coke Prices Remain Stable]

Today, coking coal futures experienced volatile upside movements, and market sentiment improved somewhat, with coking coal prices remaining stable. On the supply side, mainstream coal mines are mostly operating normally, resulting in stable coking coal supply. On the demand side, the outlook for the end-user steel market is not promising. However, due to recent macroeconomic uncertainties, the market remains cautious and观望 (in this context, it could be translated as "wait-and-see") in sentiment. It is expected that coking coal prices will continue to remain stable in the short term.