Daily Review: Coke Market Faces Downward Pressure Amid Weak Demand and High Inventory

[SMM Daily Review on Coal and Coke]

In terms of supply, coal mines are offering concessions, and coke enterprises' profits have returned to the break-even point. Coke production remains normal, but overall inventory pressure on coke enterprises is relatively significant, with active shipments being the main focus. On the demand side, most steel mills maintain coke inventories at reasonable levels, and the sales performance of finished steel products is average. Steel mills' rigid demand for coke has weakened, with purchasing as needed being the primary approach. In summary, the fundamentals of coke remain relatively loose, rigid demand is weak, and with the cost side support expected to weaken, coke prices still face downside risks. In the short term, the coke market is expected to fluctuate downward.