[SMM Daily Comment: Coke Starts the Third Round of Price Increase, Steel Mills Have Strong Demand for Inventory Replenishment]

Today, the coking coal market remained stable, with downstream coke enterprises mainly purchasing on demand. With the start of the third round of coke price increase, the expectation of coking coal price rise has once again strengthened. However, considering the current poor profits of coke enterprises, their enthusiasm for production expansion is not high, and the growth of coking coal demand is limited. The increase in coking coal prices may be somewhat restrained. Therefore, it is expected that the price of coking coal will continue to maintain a stable and slightly stronger trend.