【SMM Daily Comment: Transaction Volume in Coke Market Weakens, Coke Prices Remain Stable】

Today, futures of coking coal continued to fluctuate weakly. Traders held a cautious attitude and the purchase volume of coke enterprises declined slightly, leading to weak market transactions. In addition, the downstream coke market expects a price cut, further adding to the bearish sentiment in the market. In the short term, the supply and demand fundamentals of coking coal will remain stable, but driven by market pessimism, it is expected that coking coal prices will move in a stable-to-weak manner.