【SMM Daily Comment: Coke Supply and Demand Remain Stable, Coke Prices Expected to Remain Stable Next Week】

This week, due to the news of increased production of coking coal in Shanxi, the prices of coking coal in some regions have fallen back. Influenced by the expected increase in supply, the bearish sentiment in the market has increased significantly. In terms of demand, the online auction results have weakened significantly this week, and downstream terminals and traders have become increasingly cautious about high-price resources, with their purchasing enthusiasm also weakening. However, considering that the downstream coking plants have a good operating rate and there is still support for terminal demand, it is expected that the prices of coking coal will remain stable in the short term.