According to SMM, in terms of supply in the coke market, some coking plants are still in a loss-making state and have no intention of increasing production. Most coking plants maintain the previous level of production and have relatively active shipments. On the demand side, steel mills have poor profits and the number of blast furnace repairs is still increasing, weakening the demand for coke. Some steel mills have begun to control the delivery rhythm.
Overall, most steel mills maintain a just-in-time purchase of coke, coupled with the weakening of the cost support of coke in recent days, the short-term coke market may remain stable, but the 4.3-meter coke ovens in Shanxi have stopped loading coal one after another, and there may be a supply gap in the follow-up coke.
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