SMM Daily: Continued Downturn in Coke Demand, Steady Operation of Coke Prices

On the demand side, coke enterprises' purchases continue to be sluggish, and after the landing of the sixth round of coke price cuts, the losses of coking plants have once again expanded, and downstream demand may further contract. Looking ahead, the terminal steel mill market demand continues to be weak, and coking plants have a heavy wait-and-see attitude. Therefore, in the short term, the price of coking coal will continue to operate steadily with a bias towards weakness.