Coke Prices May Face Tenth Cut Amid Persistent Oversupply

게시됨: Feb 21, 2025 13:46
[The Oversupply Situation Is Difficult to Improve, Coke May Face the Tenth Round of Price Cuts Next Week] This week, coke producers' coke inventory accumulated again, while steel mills' coke inventory increased slightly. Most coke producers' profits remain at the break-even point, with production barely stable. However, downstream end-users showed average purchasing enthusiasm, and coke producers' coke inventory fluctuated at high levels. This week, steel mills' order performance was relatively good, with some mills making normal purchases. However, steel mills showed a strong willingness to seek profits upstream, primarily adopting a purchase-as-needed strategy to suppress coke prices. Moving forward, most coke producers are expected to maintain profitability, and even losses are within their tolerable range. Overall production remains stable, but due to high inventory levels and sluggish sales, some coke producers may slightly reduce production. However, the steel mills' end-use market outlook is average, and their coke inventory remains at safe levels. Next week, only a few steel mills may replenish inventory...

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