Daily Review: Coke Market Remains Loose with Weak Trend Despite Price Cuts

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises maintained a high level of operation, with inventories accumulating at some enterprises due to sluggish downstream purchasing. On the demand side, end-use demand recovered slowly, and the increase in pig iron production at steel mills was moderate. Recently, steel mills primarily purchased coke as needed. In summary, steel mills showed moderate purchasing enthusiasm, with inventories continuing to accumulate at some coke enterprises. Overall, the coke supply and demand remained relatively loose. However, the ninth round of price cuts has officially been implemented, and the coke market is expected to operate stably with a weak trend this week.