SMM Daily Analysis: Downstream steel mills procure on demand, and coke prices remain stable in the short term.

On the supply side, coal mine supply is relatively smooth, and coal mines are shipping normally. On the demand side, although the purchasing intention of coke enterprises is not strong, due to the generally low inventory of coke enterprises, the demand for restocking is relatively stable, so the overall demand remains stable. Looking ahead, although there is a small increase in coke supply, demand may see some improvement due to the restocking needs of coke enterprises, and the downward pressure on coke prices may ease. Considering that coke enterprises are still generally operating at a loss and have a demand for lower raw material prices, it is expected that coke prices will continue to operate stably but weakly.