[SMM Daily Commentary: Futures Market Experiences Strong Volatility, Coke Prices Remain Stable]

Today, coking coal futures experienced strong volatility, while the spot market adopted a wait-and-see approach. On the supply side, coal mine production remained stable, with some mines experiencing inventory accumulation, leading to an overall stable supply situation. On the demand side, due to recent macroeconomic uncertainties, the market exhibited a strong wait-and-see attitude. Both end-users and traders took a cautious stance, resulting in relatively sluggish market transactions. Therefore, it is expected that coking coal prices will continue to trend stably but weakly in the short term.