[SMM Daily Briefing on Coke & Coal] 20250624
[SMM Daily Briefing on Coal and Coke]
In terms of supply, most coke enterprises are already operating at a loss, with their production enthusiasm dampened. As a result, coke supply has contracted, but shipments remain basically normal, and inventory has not accumulated significantly. On the demand side, the steel market is gradually weakening, and steel mills' purchase willingness is low. Moreover, the Tangshan region has received emission reduction notices, requiring some steel mills to implement production cuts during specified periods, further suppressing coke demand. Steel mills are mainly purchasing coke as needed. In summary, the coke market is exhibiting a pattern of weak supply and demand, and the coke market will operate in the doldrums in the short term.