Coke Fundamentals Weaken, Prices Projected to Stay Stable with Downward Fluctuations Next Week

[SMM Daily Review: Coke Fundamentals Gradually Weaken, Coke Prices May Remain Stable Next Week]

Today, coking coal futures fluctuated rangebound, and the spot market saw sluggish transactions. Supply side, coal mine production remained stable overall, continuing the recent relatively loose supply pattern. Demand side, traders exhibited strong wait-and-see sentiment, and online auction transactions were sluggish. End-use coking plants primarily restocked as needed. The supply and demand fundamentals for coking coal remained loose. Therefore, coking coal prices are expected to continue fluctuating downward next week.