SMM Daily: Stable Coke Production Amid Weakening Demand, Potential for 11th Price Cut Next Week

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises maintain stable production, and coke supply remains 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 Two Sessions policies not exceeding market expectations, the coke market may operate stable with a weak trend in the short term. Next week, there is a possibility of the eleventh round of coke price cuts.