SMM Daily: Coke Market Stabilizes with Weak Trend Amid Price Cuts and Holiday Mode

[SMM Daily Review on Coal and Coke]

In terms of supply, the seventh round of coke price cuts has been implemented, further compressing the profits of coke enterprises. However, coke production remains relatively stable, and sluggish coke sales indicate a continued trend of inventory buildup. On the demand side, with the Chinese New Year approaching, the market is gradually entering a holiday mode, and steel mills' demand for coke procurement is moderate. In summary, the coke market may operate stably with a weak trend in the short term.