Short-term Coke Prices to Run Stably

SHANGHAI, Mar 24 (SMM) - Coke supply grew with the increase in the coke companies' profit margins. The downstream companies slowed down the purchases, pushing up the coke inventory held by coke enterprises.
On the demand side, the steel mills with low profits were cautious in purchasing coke.
Downstream companies slowed down the coke procurement, driving up the coke market supply. Stocks carried by coke companies generally stood low. It is expected that coke prices may run stably in the short term.