[SMM Daily Commentary: Futures Market Fluctuates Downward, Coke Prices Remain Stable]

Today, the futures market for coking coal continued to fluctuate downward. In the spot market, due to the recent continuous decline in futures prices, downstream and trader procurement have been cautious, and the trading atmosphere for coking coal has been average. In terms of supply, coal mine production resumption has been slow, and the overall supply of coking coal remains tight. Therefore, in the short term, the price of coking coal will remain stable.