[SMM Daily Comment: Coke Futures Fell Sharply, Spot Fundamentals Remained Stable]

Affected by the continuous decline in the futures market, the trading of coking coal was sluggish today. Traders and downstream coke enterprises mainly took a wait-and-see attitude, resulting in sluggish market transactions and a slight decrease in some coal types. In the subsequent period, the operating rate of coking plants will remain high, and the demand for coking coal will be relatively stable. Therefore, the price of coking coal will continue to fluctuate narrowly in the short term.