Core Viewpoint - The domestic futures market for energy and chemicals shows a downward trend in coking coal prices, with the main contract fluctuating between 1183.0 and 1224.0 CNY/ton, reflecting a decline of 2.14% [1] Group 1: Market Performance - The main coking coal futures contract opened at 1215.0 CNY/ton and experienced low-level fluctuations throughout the day [1] - As of the midday close, the highest price reached 1224.0 CNY, while the lowest dipped to 1183.0 CNY, indicating a weak market performance [1] Group 2: Supply and Demand Analysis - Copper Crown Jinyuan Futures noted a rebound in coking coal production due to the resumption of coal mine operations, while coking prices have seen some increases [1] - Hualian Futures indicated that weakening demand is putting pressure on coking coal prices, with the fundamentals appearing weak [1] - Zhonghui Futures reported a slight increase in domestic coal production, but some mines are experiencing slow recovery due to various operational factors [1] Group 3: Future Outlook - The overall supply of coking coal is expected to increase marginally, while demand is anticipated to decline, leading to a forecast of fluctuating prices [1] - The market sentiment is influenced by short-term supply guarantee policies from the National Development and Reform Commission, which may lead to temporary market adjustments [1] - The recommended trading strategy for the coking coal 2601 contract is to operate within a range of 1150-1350 CNY/ton [1]