[SMM Daily Review: Futures Market Fluctuates Rangebound, Coke Prices Remain Stable]
Today, coking coal futures fluctuated downward, and the spot market saw sluggish transactions. Supply side, coal mine production remained stable overall, continuing the recent relatively loose supply pattern. Demand side, due to the expected decline in coke prices, coking plants were generally cautious in procurement, and trade was mostly in a wait-and-see mode, making it difficult for overall demand to show significant improvement. Therefore, in the short term, the fundamentals of coking coal are expected to remain relatively loose, and coking coal prices are expected to fluctuate downward while remaining stable.
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