Coke Market Bullish as Price Hike Momentum Begins, Cautious Optimism Amid Losses for Coking Plants

[SMM Daily Commentary: Coke Fundamentals Improve, Expectations of Price Hikes Gradually Strengthen]

Today, mainstream coke enterprises initiated the first round of coke price hikes, with market sentiment gradually turning bullish. On the demand side, coke enterprises continue to purchase on an as-needed basis, while traders remain cautious and market inquiries have increased significantly, though actual purchases remain stable compared to previous days. Looking ahead, despite the expectations of coke price hikes, coking plants are still incurring losses, leading to a cautious market sentiment. It is anticipated that coking coal prices will remain stable in the short term.