SMM Daily: Coke Supply Abundant, Prices Expected to Decline with Stable-to-Weak Market Trend

[SMM Daily Review on Coal and Coke]

In terms of supply, coke production at coke plants remains stable, but their inventories have accumulated, leading to active shipments. On the demand side, the impact of steel mills' winter stockpiling policies is limited, end-use demand remains weak, and steel mills are controlling coke arrivals while continuing to seek profits upstream. Overall, coke supply is becoming more abundant, but steel mills' coke inventories have already increased to a reasonable range. In the short term, coke prices are expected to continue declining, and the coke market is likely to remain stable with a weak trend.