[SMM Coke Oven Capacity Utilisation Rate] Coke Oven Capacity Utilisation Rate at Coking Plants May Remain Stable Next Week

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According to the SMM survey, the coke oven capacity utilisation rate this week was 76.0%, up 0.4 percentage points WoW. In Shanxi, the coke oven capacity utilisation rate was 77.1%, up 0.5 percentage points WoW.

From a profit and loss perspective, coke producers' profitability per mt improved this week, and their production enthusiasm remained high. Even if profits decrease later, large-scale losses are unlikely, and overall production remained stable. From an inventory perspective, coke producers saw a slight inventory buildup this week, but sales were moderate, with no significant inventory pressure. From an environmental protection perspective, only Shandong strictly enforced environmental protection policies. However, most coke producers in Shandong voluntarily cut production, with minimal impact on supply.

Looking ahead, most coke producers are unlikely to see expanded losses and will remain profitable. Coupled with relatively small inventory buildup pressure, the coke oven capacity utilisation rate is expected to remain stable next week.