Coke Coal Prices Inch Up in Spots Amid Seventh Round of Coke Price Cuts, Outlook Remains Bearish

[SMM Daily Commentary: Coke Coal Prices Rise Slightly in Some Regions, Seventh Round of Coke Price Reduction Takes Effect]

Today, coke coal futures exhibited a relatively strong and volatile trend, while transactions in the spot market were cautious. On the supply side, coal mine production remained stable, and coal mine inventories were generally high, indicating that the supply pressure of coke coal remains. In terms of demand, the seventh round of coke price reduction took effect today, leading to cautious procurement by downstream coking plants and heightened wait-and-see sentiment among traders, resulting in weaker demand for coke coal. It is expected that in the short term, the fundamentals of coke coal supply and demand will continue to be under pressure, and coke coal prices will remain on a weaker trajectory.