[SMM Daily] Coke Supply Stable, Steel Mills Seek Profit, Possible Price Cut Before Chinese New Year

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises' production remains temporarily stable, with average shipment performance. Only some coke enterprises have cut production due to environmental protection factors. Demand side, as the year-end approaches, steel mills are gradually releasing winter stockpiling policies. However, with low expectations, the negative feedback trend persists, and steel mills show a strong willingness to seek profits from raw materials. In summary, raw materials still have some room for decline, and finished steel prices have seen a significant reduction. Before the Chinese New Year, there may be a round of price-cutting negotiations for coke.