SMM Coking Coal Daily: Coke Prices Expected to Decline Further Amid Weak Demand

[SMM Coking Coal Daily Review: Coke Still Expected to Decline in Price]

In terms of supply, current coke producers maintain moderate production enthusiasm, with most sustaining previous production levels. Only a few coke producers are implementing production cuts due to environmental protection measures. On the demand side, steel prices fluctuate, steel mills are increasing maintenance and production cut plans, pig iron production shows a downward trend, and end-use demand remains average. Coke demand faces pressure, and steel mills show low procurement enthusiasm. Overall, steel mills remain cautious in coke procurement, and with coking coal prices continuing to decline, cost-side support for coke weakens. After the fifth round of coke price cuts, further price reductions are still expected.