Daily Review: Coke Market Faces Oversupply, Prices Expected to Remain Stable with Weak Trend

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises are maintaining high operating rates and actively shipping, but their coke inventory continues to accumulate. Demand side, recent favourable macro news has boosted market sentiment, but steel mills' coke inventory remains at a reasonable level, with purchasing as needed being the main approach, and arrivals are being controlled. Overall, the oversupply situation in the coke market is unlikely to improve, and coke prices are expected to remain stable with a weak trend in the short term, while the market still holds expectations of price reductions.