SMM Coke Market Weekly: Fundamentals Balancing, Price Reduction Expectations Low

[SMM Coke Market Weekly Report] Key Points:

Supply side, coke enterprises maintained good profitability and moderate sales performance, with no inventory buildup pressure, sustaining normal production. Coke supply showed relatively small changes.

Demand side, steel mills saw a slight increase in their coke inventory. However, with rising pig iron production and stabilized coke prices, their willingness to restock coke returned to normal levels.

Raw material side, recent safety measures in coal mines led to a decline in production, and the downside room for coking coal prices was limited.

In summary, the coke market fundamentals are moving towards balance, with slightly enhanced cost support. The expectation of coke price reductions is relatively small, and the coke market may fluctuate next week.