SMM Commentary: Coke Prices Stable Despite Futures Market Fluctuations

[SMM Daily Commentary: Futures Market Experiences Wide Fluctuations, Coke Prices Remain Stable]

Today, coking coal futures exhibited weak volatility, and trading in the spot market was sluggish. On the supply side, coal mine production remained stable, leading to a relatively abundant supply of coking coal. On the demand side, due to poor expectations for end-user steel consumption and ongoing expectations of coke price reductions, traders remain cautious and reluctant to engage, resulting in sparse transactions during online auctions. Therefore, coking coal prices are expected to continue to trend stably but slightly weaker in the short term.