SMM Daily Review: Coke Market Stabilizes with Weak Trend Amid Stable Supply and Moderate Demand

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises maintained stable production, and the oversupply situation remains difficult to alleviate. Demand side, end-use demand performed moderately, with steel mills seeing a gradual decline in pig iron production, leading to reduced daily coke consumption and primarily purchasing as needed. In summary, coke supply has started to tighten, and cost support is becoming stable. Coupled with the market's continued positive expectations for Two Sessions policies, the coke market may operate stable with a weak trend in the short term.