SMM Daily: Fifth Round of Coke Price Cuts Expected to Kick Off This Friday

[SMM Daily Review on Coal and Coke: The Fifth Round of Coke Price Cuts Is Expected to Be Implemented]

Supply side, raw material prices continue to decline, leaving coke enterprises under relatively small profit pressure. Production remains stable overall, with moderate sales performance, though some coke enterprises have slightly cut production due to environmental protection factors. Demand side, steel mills show moderate production enthusiasm, and pig iron production is expected to decline. In summary, the fifth round of coke price cuts has begun, with mainstream steel mills initiating a new round of price reductions for coke by 50-55 yuan/mt, expected to be fully implemented by Friday. Market trading sentiment remains sluggish, with downstream coke and steel enterprises adopting a wait-and-see attitude. In the short term, the coke market may fluctuate downward.