[Daily SMM Hot Rolled Coil Trading] Spot trading volume increased slightly

[SMM Coking Coal and Coke Daily Brief] Supply side, most coking plants are operating normally, and production was basically stable. Currently, most coking plants remain near the break-even point, showing limited enthusiasm for increasing output. Demand side, the steel market is fluctuating, and steel mill coke inventory is at a reasonable level. Only a few steel mills are conducting small-scale rigid restocking, with overall purchasing demand for coke remaining cautious. In summary, the coke market is expected to operate in the doldrums next week, with expectations of a price decline.

According to SMM data, in the first week after the holiday, the national social inventory of hot-rolled coil in 86 warehouses (large sample) surveyed by SMM was 5.3775 million mt, up 1.1404 million mt WoW, up 26.92% WoW, and up 31.57% YoY on a lunar calendar basis. In the first week after the holiday, the national social inventory accumulated significantly. By region, the markets with larger accumulations were south China, east China, and north China.