SMM Daily: Coking Coal Futures Decline, Coke Market Steady with Cautious Outlook

SMM Daily Review: Coking Coal and Coke Futures Fluctuate Downward, Coke Market Remains Stable

Today, coking coal futures fluctuated downward, and the spot market saw sluggish transactions. Supply side, coal mine production remained stable overall, and coking coal supply continued to be ample. Demand side, coke prices are expected to decline less, and coke enterprises primarily restock as needed. Traders' sentiment remains cautious, and market speculative demand is relatively subdued. In the short term, the fundamentals of coking coal remain relatively loose, and coking coal processing is expected to continue its stable to weak trend.