SMM Daily: Coke Supply Stable, Demand Sluggish; Price-cutting Negotiations Likely Before Year-end

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises maintained stable production, with moderate sales performance. Only a few coke enterprises experienced slight production cuts due to environmental protection factors. On the demand side, steel mills have successively issued winter stockpiling policies at year-end in an attempt to improve sales, but transactions remain sluggish, with expectations low and the negative feedback trend persisting. Steel mills are increasingly seeking profits from raw materials. In summary, coke prices are still expected to face a round of price-cutting negotiations before the year-end.