[SMM Daily Comment: Steel Mills Generally Purchase Raw Materials as Needed, Coke Market Remains Stable]

On the demand side, downstream coke enterprises generally purchase raw materials as needed. As the fifth round of coke price increase has not yet been implemented, coke enterprises are increasingly cautious. On the part of traders, due to the continuous decline of the futures market, traders' cautious sentiment has increased, coupled with the fact that the current coking coal price is at a high level, trade speculative demand has been suppressed. In the short term, due to the increase in the operating rate of downstream coke enterprises, there is still support for the rigid demand of coking coal, so the price of coking coal is expected to remain stable.