[SMM Coke Market Weekly Report] Core Viewpoints: Supply side, coke enterprises saw improved profitability and moderate sales performance, with relatively small inventory buildup pressure, barely maintaining normal production. Coke supply fluctuated slightly. Demand side, steel mills experienced a slight increase in coke inventory, coupled with a decline in pig iron production and the fifth round of coke price cuts, leading to low willingness for coke restocking. Raw material side, coke enterprises recently accumulated some coking coal inventory, with low restocking willingness, and coking coal prices still have downside room. In summary, the fundamentals of coke remain slightly loose, with weak cost support. The expectation of coke price cuts persists, and the coke market is expected to fluctuate downward next week.