SHANGHAI, Apr 4 (SMM) – Raw material: Coal prices dipped 100-170 yuan/mt amid poor shipments.
Supply: Coke supply continued to grow as improving profit margins encouraged coking plants to ramp up production. Some coking plants report inventory backlogs.
Demand: Steel mills are cautious about purchasing due to weaker-than-expected demand recovery and sufficient coke stocks.
To sum up, coke prices may drop in the near term.
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