SMM Daily: Coke Coal Futures Decline Volatily, But Prices Expected to Stabilize

[SMM Daily Commentary: Futures Market Declines with Volatility; Coke Prices Remain Stable]

Today, coking coal futures experienced volatile declines, exacerbating the悲观 sentiment in the spot market once again. On the demand side, downstream coke enterprises mostly purchased on an as-needed basis, while speculative demand from traders contracted significantly, leading to relatively sluggish market transactions. Looking ahead, due to weaker end-user steel consumption expectations, both coking plants and traders are adopting a cautious procurement stance. The demand side for coking coal may continue to operate at low levels. However, considering the recent strong macroeconomic expectations, it is anticipated that coking coal prices will remain stable in the short term.