[SMM Daily Review on Coal and Coke]
In terms of supply, coke production remains stable, with coke supply staying at relatively high levels. However, some coke enterprises face sluggish sales, leading to a further accumulation of their coke inventory. On the demand side, the futures market continues to rebound, steel prices have risen significantly, and steel mill profits have recovered. However, steel mills' coke inventory remains at high levels, resulting in moderate demand for coke procurement. Overall, the fundamentals of the coke market remain loose, and the short-term coke market is expected to operate stably with a weak trend.
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