[SMM Daily Comment: Coke Market Remains Stable during the Holidays, Downstream Steel Mills Still Have a Demand for Restocking]

On the demand side, as the fourth round of coke price reduction comes into effect, coke enterprises' profits have improved significantly, and the operating rate of coke enterprises is expected to steadily increase, leading to a steady recovery in the demand for coking coal. On the supply side, coal mine production remains relatively stable, and the supply of coking coal remains stable. Looking ahead, there is still an expectation of further price increases for coke, and the production enthusiasm of coke enterprises has improved significantly. It is expected that the price of coking coal will remain stable with a slight upward trend in the short term.