Daily Review: Coke Supply Stable but Demand Sluggish, Further Price Cuts Expected

[SMM Daily Review on Coal and Coke]

In terms of supply, coke supply remains stable for now, with some coke enterprises experiencing inventory buildup, while HRC supply remains ample. On the demand side, steel mills are cautious about resuming production, with their coke inventory at high levels, leading to low enthusiasm for coke procurement, primarily purchasing as needed. In summary, after the implementation of the eighth round of price cuts, the imbalance in coke supply and demand still exists, and further price reductions are expected.