Daily Review: Coke Market Stability Amid Improved Fundamentals and Adequate Supply

[SMM Daily Review on Coal and Coke]

In terms of supply, coal mines have offered early concessions, with most coke enterprises operating near the break-even line, and only a small number showing willingness to cut production. Coke supply remains sufficient. On the demand side, end-use market demand improved, steel sales were moderate, driving an increase in pig iron production at steel mills and higher daily coke consumption. Some steel mills have started restocking coke. In summary, the fundamentals of the coke market have improved, and as detailed crude steel production reduction policies have not yet been introduced, market participants' confidence in the coke market has not further declined. The coke market is expected to remain stable this week.