[SMM Daily Review: Futures Market Plunged Sharply, Coke Prices Remained Stable]
Today, the ferrous metals series futures market plunged sharply, with market pessimism intensifying once again. In terms of transactions, both end-user coking plants and traders mainly adopted a wait-and-see approach, leading to sluggish spot market transactions. Looking ahead, the fundamentals of coking coal are expected to remain relatively loose, with no significant improvement in downstream demand in the short term. Therefore, coking coal prices are anticipated to continue fluctuating downward in the near term.
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