Galaxy Futures: The dual coke bottom has support, and attention can be paid to opportunities for long positions at lower levels.

Galaxy Futures stated that the market for coke and coal is operating in a volatile manner, with no significant contradictions in the recent fundamentals. The fluctuations in the market mainly stem from changes in funds and emotions. The overall supply and demand for coal are relatively balanced, with domestic production remaining stable and increasing. The continuous rainfall at the Ganqimaodu Port has affected customs clearance, but it has returned to a relatively high level on the 18th. Currently, there are no major contradictions in the fundamentals, and both futures and spot markets are still greatly influenced by funds, macroeconomic factors, and market sentiment. In the medium term, the overseas geopolitical situation continues to be volatile, and the global prices of energy products have moved significantly higher than before the outbreak of conflicts in the Middle East, with a continuing external premium. The current valuation of coke and coal varieties is relatively reasonable, with support at the lower end, and the deep price drop has been locked in. It is necessary to pay attention to the improvement of fundamentals, market sentiment, and the switch of trading logic. Considering the risk-return ratio, it may be wise to wait for buying opportunities on dips. The market shows strong characteristics of repeated fluctuations, requiring flexible handling of the pace, with a focus on short-term operations.