SMM Coking Coal Daily: Short-Term Market May See Stable Downward Fluctuations

[SMM Coking Coal Daily Review: Short-Term Coke Market May Fluctuate Downward with Relative Stability]

In terms of supply, coke enterprises still have profits, maintaining production enthusiasm with relatively stable operations. However, due to cautious procurement by downstream steel mills and a wait-and-see attitude among traders, some coke enterprises face sluggish sales, leading to an accumulation of their own inventory.

Demand side, steel mills have implemented significant production cuts, and coke inventories at steel mills remain at relatively high levels, with some mills controlling coke arrivals.

Overall, the cost of coking coal for coke enterprises continues to decline, and they still maintain moderate profitability and production enthusiasm. However, with pig iron production decreasing, steel mills slowing down their procurement pace, and weakening cost support for coke, the short-term coke market may fluctuate downward with relative stability.