Coking Coal Futures See Narrow Fluctuations; First Coke Price Hike Set for Tomorrow Amid Tepid Demand

[SMM Daily Commentary: Narrow Fluctuations in Futures Market, First Round of Coke Price Increase Expected to Take Effect Tomorrow]

On the supply side, most coal mines are operating normally, with a stable supply of coking coal. As for demand, the operating rates of downstream coke enterprises remain low, and they are still suffering from significant losses, leading to low enthusiasm for procurement. Although there are expectations of a certain increase in coke prices, traders remain cautious due to the relatively weak end-user demand for steel, resulting in sluggish market transactions. Therefore, it is expected that the price of coking coal will continue to remain stable in the short term.