SMM Daily: Coke Prices Fall Amid Weak Demand and Production Adjustments

[SMM Daily Review on Coal and Coke]

In terms of supply, the raw material side continues to offer concessions, but the sixth round of coke price cuts has been implemented. Some coke enterprises in certain regions are experiencing losses, which may lead to slight production cuts, slightly alleviating the coke supply surplus. On the demand side, steel mills are gradually releasing winter stockpiling policies, but transactions remain sluggish. With falling steel prices, steel mills may still seek profits from the raw material side. Overall, steel prices have dropped slightly, and the cost support for coke has weakened, leaving room for further coke price reductions.