SMM Daily Review: Coke Market Stable Before Chinese New Year, Slight Price Upside Expected Post-Holiday

[SMM Daily Review on Coal and Coke]

In terms of supply, coke enterprises are experiencing profit contraction, with some incurring losses, though still within a tolerable range. Overall, production remains at previous levels, and coke inventory at coke enterprises continues to accumulate. On the demand side, as the Chinese New Year approaches, the market is gradually entering holiday mode, leading to sluggish demand and a generally loose coke market. In summary, the coke market is expected to remain stable before the Chinese New Year, with a slight upside room for coke prices after the holiday due to steel mill restocking.