SMM Daily: Coke Market May Stabilize with Weak Trend Amid Stable Supply and Declining Demand

[SMM Daily Review on Coal and Coke]

In terms of supply, coke production at coking plants remains stable, and coke supply is still relatively ample. On the demand side, most steel mills in Tangshan plan maintenance in the near future. If the maintenance plans are implemented as scheduled, steel mills' enthusiasm for coke procurement is expected to decline further. In summary, demand is expected to weaken, coupled with the fact that the Two Sessions policies did not exceed market expectations, the coke market may operate stable with a weak trend in the short term. There is a possibility of the eleventh round of coke price cuts next week.