[SMM Daily Commentary: Coke Initiates the Fifth Round of Price Cuts, Market Sentiment Remains Bearish]
Today, coking coal futures experienced relatively strong fluctuations; however, the spot market remained sluggish in trading due to the initiation of the fifth round of price cuts for coke. Most online auctions ended up as unsold. Looking ahead, given the difficulty in improving the end-user steel market, there are still expectations of continued price declines for coke. Consequently, the demand for coking coal will continue to operate at a low level in the short term, and the prices of coking coal will remain relatively weak.

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