【SMM Daily Comment: Coke oven coal prices remain stable; first round of coke price adjustment takes effect】

Today, the first round of coke price adjustment has taken effect, and market uncertainty has further increased. In terms of supply, although coal mines are expected to increase production, supply recovery is slow in the short term, and the supply increase is limited. On the demand side, there are many online auction failures, and market uncertainty is heavy. However, considering that the operation rate of coking plants remains stable, downstream demand support is relatively stable. Therefore, it is expected that the price of coke oven coal will remain stable but show a weakening trend in the short term.