SMM Coke Market Outlook: Stable with Weak Trend Amid Inventory Accumulation

[SMM Coking Coal Daily Review: Coke Market May Operate Stable With a Weak Trend Next Week]

Supply side, the recent decrease in coking plants' coal input costs has resulted in moderate profitability, maintaining high production enthusiasm. Demand side, steel mills' pig iron production remains stable, with general rigid demand for coke. Additionally, downstream steel mills have improved their arrivals and are controlling the pace of coke deliveries, leading to an accumulation of coke inventory at coking plants. Overall, some coking plants have seen an accumulation of coke inventory, and the cost side provides insufficient support for coke prices. The coke market may operate stable with a weak trend next week.