[SMM Daily Comment: Coking Coal Price Remains Stable and Coke Fundamentals Continue to Be Strong]

The online bidding for coking coal has been generally successful, but the main types of coal have performed relatively firmly. On the demand side, downstream coking enterprises are purchasing on an as-needed basis, while traders are mainly in a wait-and-see mode. On the supply side, the impact of the conference has gradually subsided, and coal mine supply has remained stable. Overall, coke enterprises continue to operate at a high level, and the demand for coking coal is relatively stable. In the short term, coking coal prices are expected to continue to fluctuate within a narrow range.