[SMM Analysis: Steel Mills Initiate Fourth Round of Coke Price Cuts, Coke Fundamentals Imbalance Gradually Accumulates]
In terms of supply, due to the continuous decline in raw material prices, coke producers are currently maintaining slight profitability. Therefore, the operating rate of coke producers remained stable this week. According to SMM statistics, the coke oven capacity utilisation rate this week was 78.05%, down 0.22 percentage points WoW.
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