SMM Daily: Coke Market Stabilizes with Tightening Supply and Rising Demand Amid Cautious Sentiment

[SMM Daily Review on Coal and Coke]

In terms of supply, most coke enterprises maintained stable production, and coke supply remained relatively ample. Demand side, pig iron production at steel mills increased slightly, and some steel mills made small long-term purchases, showing restocking demand and increased enthusiasm for coke purchases. In summary, coke supply tightens, demand increases, and fundamentals improve. Coupled with the convening of the Two Sessions, market sentiment remains cautious. In the short term, the coke market may operate stable with a weak trend.