SMM Daily: Coke Market Outlook Pessimistic, Seventh Price Cut Negotiation Looms

[SMM Daily Review on Coal and Coke]

In terms of supply, coke production remains stable, with moderate sales performance. On the demand side, the effect of steel mills' winter stockpiling policies is average, end-use demand remains weak, and steel prices have strengthened, but trading activity is limited. Steel mills still show an intention to seek profits upstream. In summary, the outlook remains pessimistic, and the seventh round of coke price cuts this week is expected to continue facing negotiation.