SMM Daily: Coke Production受限in Shandong, Coke Prices Steady Despite Coking Coal Volatility

[SMM Daily Review: Environmental Protection-Driven Production Restrictions at Coke Plants in Shandong; Coke Prices Remain Stable]

Today, coking coal futures experienced wide fluctuations, while the spot market saw stable transactions. Demand side, coke plants primarily engaged in purchasing as needed, with relatively stable end-use demand for coking coal. On the part of traders, sentiment remained cautious, with low enthusiasm for purchases and subdued speculative demand. Looking ahead, although the fundamentals of coking coal are unlikely to show significant improvement, cost support for coking coal is gradually strengthening. Therefore, coking coal prices are expected to remain stable in the short term.