SMM Commentary: Futures Market Volatility Intensifies; Coke Prices Set to Rise Further Amid Market Optimism

[SMM Daily Commentary: Futures Market Experiences Stronger Volatility; Sixth Round of Coke Price Increase to Take Effect Tomorrow]

Driven by macroeconomic favorable news on Saturday, the futures market experienced stronger volatility today. In the spot market, downstream coke enterprises' profits have recovered, prompting an increase in operating rates, and there has been a corresponding rise in inventory replenishment based on demand. As for traders, with the sixth round of coke price hikes set to take effect tomorrow and further upside potential fueled by the macroeconomic optimism, speculative demand from traders is robust, leading to continuous coal price hikes in some regions. Therefore, it is anticipated that the price of coking coal will continue to exhibit stronger performance in the short term.