SMM Daily: Coking Coal Futures Volatile but Prices Steady Amid Stable Supply-Demand

[SMM Daily Commentary: Black Futures Experience Volatile Rise; Coke Prices Remain Stable]

Today, coking coal futures experienced volatile upside movements, and market sentiment improved, with coking coal prices remaining stable. From the supply side, most coal mines are operating normally, resulting in relatively stable coking coal supply. On the demand side, downstream coke enterprises are primarily purchasing based on their needs, while traders' speculative demand remains cautious. Therefore, amid expectations of no improvement in end-consumer demand, coking coal prices are expected to remain stable in the short term.