【SMM Daily Comment: Futures Market Fluctuates Widely, and the Spot Prices of Coke and Coke Breeze Maintain Stable Operation】

In terms of supply, coal mines mostly maintain normal production, but considering the approaching important meeting at the end of the month, the situation of safety-related production cuts is expected to be further tightened, leading to partial contraction expectations on the supply side. On the demand side, downstream coke enterprises mainly purchase according to their needs. However, due to the gradually deepening impact of the off-season in the terminal steel market, the sentiment of coke is becoming more bearish. Therefore, in the short term, the price of coking coal will continue to fluctuate weakly.