Coking Coal Futures Decline Amid Weak Demand and Stable Supply

[SMM Daily Review: Coking Coal and Coke Futures Fluctuate Downward, Expectations for Coke Price Cut Weaken]

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, traders exhibited strong wait-and-see sentiment, and some coking plants reduced procurement due to environmental protection-driven production restrictions. Therefore, coking coal demand remained weak. In the short term, the ample supply of coking coal is unlikely to improve, and coking coal prices are expected to continue fluctuating downward.