Coke Market Stabilizes Amid Supply Cutbacks and Rising Steel Mill Demand

【SMM Daily Coke Review】

In terms of supply, after the eleventh round of coke price cuts, coking enterprises' profits declined, and some even fell into losses. As a result, these coking enterprises reduced production, leading to a slight decrease in coke supply. On the demand side, steel mill profits have recently been restored, with an increase in pig iron production and daily coke consumption. Some steel mills have started purchasing and restocking coke, reducing the control over arrivals. Overall, coke inventory at coking enterprises has decreased, and the fundamental situation for coke has improved. With limited downside room due to cost support, the coke market is expected to stabilize this week.