【SMM Daily Comment: Futures market shows weak volatility; coke prices expected to remain stable but with some weakness】

Recently, the futures market has seen continuous declines, and the sentiment in the coking coal spot market has turned weaker. Downstream coke enterprises mainly purchase on demand, and traders have a strong wait-and-see attitude, with poor auction results. Although the recovery of coking coal supply is relatively slow and the overall supply remains tight, due to the poor market sentiment and expectations of price cuts in downstream coke, it is expected that coking coal prices will remain stable but with some weakness in the short term.