Coke Futures See Narrow Moves Amid Steady Coking Coal Supply, Weak Demand Outlook

[SMM Daily Commentary: Narrow Fluctuations in Coke Futures with Improved Fundamentals of Coke]

Recently, another coal mine accident occurred in Shanxi, affecting the production of individual mines, but the overall supply was largely unaffected, with the supply of coking coal remaining stable. On the demand side, although there was a small amount of rigid demand for replenishing inventory among downstream coke enterprises, the overall demand remained weak, and there was a strong sentiment of waiting and seeing towards high-priced resources. In the short term, the price of coking coal will be stable with a slightly downward trend.