Coke Futures Drop Continues, Spot Market Faces Rising Price Cut Forecasts

[SMM Daily Review: Coke Futures Continue to Decline, Spot Market Faces Increasing Price Cut Expectations]

Today, coking coal futures fluctuated downward, and transactions in the spot market were sluggish. Fundamentally, the supply and demand of coking coal are unlikely to improve in the short term. Although downstream restocking has recently led to a recovery in coke producers' procurement and mine supply remains stable, overall coking coal inventory remains high, keeping the fundamentals weak. Therefore, in the short term, despite some demand recovery driven by pre-holiday restocking, coking coal prices are expected to remain stable with a weakening trend due to inventory pressure.