[SMM Daily Comment: Futures Market Experiences Narrow Fluctuations, Coke Price Remains Stable]

Today's futures market experienced narrow fluctuations, and the spot market saw relatively weak trading. On the supply side, coal mine production has been stable recently, with individual mines experiencing a slight increase in production, and overall supply remaining stable. On the demand side, due to the widening losses of downstream steel mills, the market sentiment has gradually turned bearish, leading to poor procurement enthusiasm from coking plants and subdued online auction trading. It is expected that the price of coking coal will remain stable but tend to weaken in the short term.