Coking Coal Futures Fluctuate Upward, Spot Market Remains Stable Amid Cautious Trading Sentiment

[SMM Daily Review: Coking Coal Futures Fluctuate Upward, Spot Market Transactions Remain Stable]

Today, coking coal futures fluctuated upward, and spot market transactions remained stable. On the fundamentals side, coking coal continued to exhibit a loose supply pattern. In terms of market transactions, traders maintained a cautious sentiment, while downstream coke enterprises purchased as needed, leading to a slight improvement in market transactions compared to previous days. Looking ahead, with the gradual strengthening of the futures market and the influence of favourable macro news, coking coal prices are expected to remain stable in the short term.