SMM Daily: Coke Prices May Decline Further Amid Stable Supply, Weak Demand

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises' production remains stable for now, but some coke enterprises are facing severe inventory accumulation, leading to slight expectations for production cuts. On the demand side, steel prices are declining, steel mills' willingness for further coke price cuts continues to rise, and steel mills remain cautious about resuming production. Pig iron output is increasing slowly, while their coke inventories are at safe levels, resulting in low enthusiasm for coke procurement. In summary, coke prices may continue to fluctuate downward in the short term, and the ninth round of price cuts may occur next week.