According to SMM, the supply side of the coke market is in good condition, with production and sales in sync and low inventory in the factory. The 4.3-meter coke furnace closure plan in Shanxi Province and the 4.3-meter coke furnace withdrawal plan in Shaanxi Province are being implemented. The coke output is still expected to decline. On the demand side, steel mills' profits continue to decline, some steel mills have started maintenance, and iron ore output has begun to decline, maintaining only necessary purchases of coke.

Overall, coke supply is still expected to tighten, but the recent sharp losses of steel mills have weakened their willingness to accept higher coke prices, and the coke market may remain stable in the short term, with both sides still in a game state.