[SMM Daily Review: Futures Market Fell Sharply, Major Coke Enterprises Initiated the First Round of Price Rise]

Today, there was a rebound in the transaction volume of coking coal. In terms of demand, the downstream coking plants maintained high operation rates, and the demand support for coking coal was acceptable. In terms of supply, coal mine production remained stable, and there were no significant changes in the supply side. In the short term, there was basically no obvious contradiction between supply and demand for coking coal. Today, major coking plants initiated the first round of price rise for coke, which may have a certain driving effect on the price of coking coal. The price of coking coal will remain stable in the short term.