Coke Prices Rise Smoothly Amid Stable Coking Coal Demand, Macro Policies Boost Futures Market

[SMM Daily Commentary: Macro Policy Drives Futures Market to Rise, Second Round of Coke Price Increase Smoothly Implemented]

Today, the second round of coke price increase was smoothly implemented, and market confidence continued to recover. On the demand side, downstream coking plant profits have improved, but since coke enterprises have not significantly increased production, the demand for coking coal will remain stable in the short term. As for traders, although the futures market has continued to rise recently, driven by macro policies, traders remain relatively cautious, and speculative demand for coking coal has only increased slightly. Therefore, in the short term, driven by macro expectations and a slight recovery in demand, coking coal prices may remain stable with a slight upward trend.