Coke Market Outlook: Stable with Weak Trend Amid Moderate Supply and Volatile Demand

[SMM Daily Coke and Coal Review]

In terms of supply, the profit and loss situation is within an acceptable range, and coke producers' production enthusiasm is moderate, with coke supply remaining stable for now. On the demand side, steel mill profits have recently been restored, leading to active resumption of production, and an increase in daily coke consumption. However, a major steel mill in Xinjiang has announced a 10% voluntary production cut, and more mills may follow suit, potentially weakening future coke demand. In summary, the short-term supply-demand imbalance for coke is relatively weak, with solid cost support, suggesting that the coke market may operate stably with a weak trend. In the long term, however, more steel mills might announce voluntary production cuts, which would be bearish for coke prices.