According to SMM research, the supply side of the coke market is basically stable, the shipment is relatively smooth, the coke inventory in the factory is kept at a low level, and Shanxi will completely shut down 4.3-meter coke ovens before the end of October, and the coke supply is still tight. On the demand side, the recent steel prices have continued to fall, but the steel mill blast furnace output has remained high, rigid demand for coke.

Overall, steel mills are generally profitable, but blast furnace output remains high, and under the expectation of eliminating 4.3-meter coke ovens in Shanxi, coke supply is tight, coke enterprises have a strong willingness to raise coke for the third time, and the short-term coke market is expected to remain stable and slightly strong.