SMM Commentary: Coking Coal Futures Oscillate Narrowly, Prices Stay Stable

[SMM Daily Commentary: Futures Market Experiences Narrow Oscillations; Coke Prices Remain Stable]

Today, coking coal futures experienced narrow oscillations, and trading in the spot market was generally average. On the supply side, mainstream coal mines are operating normally, and the supply of coking coal remains stable. In terms of demand, coke enterprises are slightly profitable with decent shipments, but raw material procurement is generally based on demand. There has been a slight recovery in traders' speculative demand, and the market trading atmosphere has improved. However, the overall market remains relatively sluggish, with numerous online auctions failing to attract bids. Looking ahead, driven by the continued strengthening of macroeconomic expectations in the short term, coking coal prices are expected to remain stable.