SMM Daily: Coke Supply Ample but Prices Expected to Decline on Bearish Sentiment

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises maintain stable operations for now, with overall supply remaining ample. However, profit margins are limited, and some coke enterprises are even experiencing losses. On the demand side, some steel mills are still planning maintenance after the holiday, coupled with their coke inventory fluctuating at highs, leading to a continued desire to bargain down prices. In summary, market sentiment is predominantly bearish, and coke prices are expected to decline next week.