According to SMM, the supply side of the coke market, coking enterprises are shipping normally, and the inventory is running at a low level. However, due to the fact that some coking enterprises are still in a state of loss, and the 4.3-meter coke oven in Shanxi has been shut down one after another, the supply of coke has been reduced. On the demand side, steel prices continue to weaken, transactions are generally weak, and the pressure of funds is large due to continuous losses. The output of steel mill blast furnace continues to decline, weakening the demand for coke.

Overall, the number of online auctions of coking coal has increased, and the prices of some coal varieties have been adjusted downward. The cost of coking coal entering the furnace has decreased, and the profits of coking enterprises have increased, and the rising sentiment has begun to decline. Moreover, the demand of steel mills has weakened, and the coke market will remain stable in the short term.