[SMM Daily Comment: Futures Market Experiences Narrow Fluctuations, Coke Prices Remain Stable]

On the supply side, most coal mines are operating normally, and with the Central Committee Meeting approaching at the end of July, the supply has tightened slightly. On the demand side, downstream coke enterprises are cautious in purchasing, and as the profits of downstream steel mills shrink, coke enterprises are becoming increasingly cautious in their outlook. Therefore, comprehensively speaking, although the enthusiasm for purchasing coke among coke enterprises is not high due to the weakening of downstream steel prices, the overall fundamentals of coal are stable, and prices will continue to experience narrow fluctuations.