【SMM Daily Comment: Both Supply and Demand of Coke Increase, Coke Prices Remain Stable】

As the fifth round of coke price increase in the downstream market has failed to materialize, the expectation of coke coal price increase has weakened significantly. At the same time, the sharp decline in futures prices this week has led to an increase in market uncertainty. In terms of demand, the basic production and replenishment of coking plants have been basically completed, and subsequent purchases will be mainly based on demand. The demand for coke coal remains stable, so it is expected that coke coal prices will continue to remain stable in the short term.