[SMM Daily Review on Coal and Coke]
In terms of supply, the raw material side continues to offer concessions, but the sixth round of coke price cuts has been implemented. Some coke enterprises in certain regions are experiencing losses, which may lead to slight production cuts, slightly alleviating the coke supply surplus. On the demand side, steel mills are gradually releasing winter stockpiling policies, but transactions remain sluggish. With falling steel prices, steel mills may still seek profits from the raw material side. Overall, steel prices have dropped slightly, and the cost support for coke has weakened, leaving room for further coke price reductions.
![[SMM Balance Semanal de Materiales de Construcción] Mejora el ambiente de negociación del mercado, la liberación de la demanda rígida no cumple las expectativas](https://imgqn.smm.cn/usercenter/JdqON20251217171718.png)
![[SMM Gran Inventario Social de Materiales de Construcción] El repunte de precios impulsa la reducción de inventarios; la caída del inventario social de materiales de construcción se amplió ligeramente en este período](https://imgqn.smm.cn/usercenter/wSpkX20251217171718.png)
