SMM Daily Insight: Losses of coke companies further expand, coke prices are still expected to decline

On the supply side, coal mine production is stable with limited impact from safety checks. On the demand side, the seventh round of coke price cuts has been implemented, exacerbating the pessimistic sentiment among downstream coke plants. Looking ahead, due to the increased losses of downstream coke plants, coke coal transactions may deteriorate again next week, and coke coal prices are expected to face some downward pressure, with prices likely to stabilize on the weaker side next week.