[SMM Daily Comment: Coke Futures Fluctuate with a Tendency to Rise, Coke Spot Prices Expected to Rise Further]

In terms of supply, the supply of coking coal remains stable, and the increase in coal mine production is limited under the influence of safety supervision. On the demand side, although downstream coke prices are still expected to rise, coke enterprises are cautious about procurement, and most purchases are made on an on-demand basis. Therefore, in the short term, the upside and downside potential of coking coal prices is limited, and it will continue to maintain a stable trend.