SMM Daily: Coke Market Steadies After Seventh Price Cut, Outlook Mixed Ahead of Chinese New Year

[SMM Daily Review on Coal and Coke]

In terms of supply, after the seventh round of price cuts, most coke enterprises still maintain profits, with moderate sales performance, sustaining their original production levels. On the demand side, demand for finished steel remains weak, with a pessimistic outlook for the market, and steel mills continue to purchase as needed. In summary, coke enterprises' profits have narrowed, while steel mill profits have slightly improved. Coupled with the market dynamics ahead of the Chinese New Year, the coke market is expected to operate steadily after the implementation of the seventh round of price cuts this week.