【SMM Daily Review: Bearish Sentiment in the Market is Gradually Growing, Coke Prices Remain Stable】

Today, the futures of coking coal continued to show weak fluctuations. In terms of spot market, on the supply side, there has been an increasing trend of mine accidents recently, but the overall impact on the supply side is not significant, and the supply continues to remain stable. On the demand side, downstream coking companies mainly purchase on demand, but due to the expected impact of coke price reduction, their willingness to push down prices is strong, and the waiting sentiment has obviously increased. Therefore, under the influence of the expected coke price reduction in the short term, the price of coking coal is expected to remain stable but weaken.