Daily Review: Coke Supply Loose Despite Slight Production Cut, Demand Recovery Lags

[SMM Daily Review on Coal and Coke]

In terms of supply, coke producers slightly reduced their operating rates but maintained relatively high levels. Coke supply remains sufficient, with some producers experiencing inventory accumulation, indicating a loose supply situation. On the demand side, end-use demand is gradually recovering but falls short of expectations. Pig iron production, instead of increasing, has declined, leading to reduced coke consumption. Additionally, steel mills primarily purchase coke as needed to further suppress coke prices.