🔹 Market Overview

Market sentiment is improving as bearish factors are gradually being digested. Signs of stabilization are becoming more evident across the board: met coke and coking coal have halted their declines, and the basis continues to strengthen, indicating that short-term rebound momentum is building. The market is now entering a phase where it needs time to fully absorb the support effect from the firming basis.

🔸 Technical Structure

From a futures structure perspective:

  • Near-month contracts show higher rebound potential
  • Far-month contracts remain in a weak setup, reflecting cautious medium- to long-term outlooks

While the broader downtrend is not yet broken, a technical rebound in the short term appears increasingly likely.

🔸 Strategic Outlook

Resistance for this rebound is expected around 3050.
Recommended strategy: Reduce short positions, observe the strength of the rebound, and prepare to re-enter from higher levels if momentum fades.

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