Coke Producers Anticipate Widespread Losses Amid Upcoming Price Cuts

【Further Price Cuts: Coke Producers Are Expected to Face Widespread Losses Next Week】

From a pricing perspective, coke prices remained stable this week, and the profit or loss per mt of coke for producers was temporarily unaffected. From a cost perspective, recent coal mines have focused on safe production, and coking coal supply has remained stable. However, after a prolonged period of continuous decline, coking coal prices have limited room for further decreases and are falling slowly, making it difficult to restore the profits of coke producers. Next week, the eleventh round of coke price cuts is expected, and coking coal prices may experience supplementary declines. While coking costs may slightly decrease, they are unlikely to offset the losses caused by the price cuts, and coke producers are likely to face widespread losses.