【SMM Daily Comment: Steel Mills Launch the Second Round of Price Increase and Decrease, and Coke Enterprises Have Smooth Shipments】

In recent days, the futures price of coking coal has fallen sharply, and the spot market sentiment is sluggish. In terms of supply, coal mine production has basically maintained normal during the holidays, and the supply of coking coal is stable. On the demand side, the futures market has fallen continuously recently, and the trend of the terminal steel market has become weaker. The market sentiment for bearishness has gradually increased, and traders are mainly waiting and watching, while coking plants are cautious about purchasing. Therefore, in the short term, the price of coking coal will continue to operate stably but weakly.