SMM Daily: Coke Market Faces Oversupply, Expected Tenth Price Cut Amid Weak Demand

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises maintained a high operating rate, but faced significant sales pressure, with some experiencing noticeable inventory buildup. In the short term, the oversupply of coke is unlikely to improve. On the demand side, end-use demand recovered slowly, pig iron output at steel mills declined instead of increasing, and market confidence further weakened due to the tariff hike imposed by foreign countries. Steel mills primarily purchased coke as needed. In summary, coke supply remained ample, and the tenth round of price cuts is expected to be implemented this week, with the coke market continuing to fluctuate downward.