[SMM Daily Comment: Coke Fundamentals Continue to be Strong, Futures Market Sees Strong Volatility]

On the supply side, due to the central meeting this week, some coal mines in certain areas have seen slight output cuts, but the overall impact is minimal, with a slight contraction in supply. On the demand side, downstream coke enterprises are purchasing according to their needs, while traders are adopting a cautious stance. The operating rate of downstream coke enterprises remains high, and the support for the demand side of coal remains strong. Therefore, the price of coal will continue to trend narrowly volatile in the short term.