[SMM Coke Analysis] Coke Inventory Has Dropped to Median Level; Coke Oven Capacity Utilisation Rate May Stabilize Next Week

Coke inventory has dropped to a moderate level, and coke oven capacity utilisation rate of coking enterprises may remain stable next week. Most coking enterprises will either incur losses or maintain slight profits, but these are within an acceptable range, with only a small number of enterprises expected to reduce production, leading to a temporarily stable coke supply. Meanwhile, the end-use market is gradually recovering, increasing the demand for steel, and steel mill profits are moderate, driving up pig iron production and daily coke consumption. Some steel mills have shown increased enthusiasm for purchasing. In summary, the fundamentals of the coke market have improved, with coking enterprise inventories having decreased from high levels to moderate levels, and production remains moderately active. The coke oven capacity utilisation rate of coking enterprises may remain stable next week.