Coking Coal and Coke Futures Drop Amid Bearish Sentiment and Expectations of Price Cuts

[SMM Daily Review: Coking Coal and Coke Futures Decline Amid Volatility, Coke Price Cut Expectations Strengthen Again]

Today, coking coal futures fell sharply, and market bearish sentiment intensified once again. In terms of supply, coking coal supply remained ample. Demand side, downstream demand was generally weak, with traders mostly adopting a wait-and-see approach. The overall fundamental supply surplus of coking coal has not significantly improved. Looking ahead, with the approach of the Chinese New Year, downstream restocking demand is expected to gradually strengthen, and the fundamentals of coking coal are likely to gradually stabilize. In the short term, coking coal prices are expected to continue to fluctuate downward.