Latest Update in the SMM Coke Market

[SMM Daily Briefing on Coal and Coke] In terms of supply, most coke enterprises are operating at a loss, leading to production restrictions and a tightening of coke supply. Coupled with the active purchasing by downstream buyers, coke enterprises continue to reduce their inventory. Demand side, pig iron production of steel mill blast furnaces remains high, creating a rigid demand for coke. Some steel mills with low inventory levels are showing high enthusiasm for procurement. In summary, with the tightening of coke supply and the persistence of downstream rigid demand, market sentiment has improved. The coke market may operate generally stable with slight rise in the short term, with expectations of a certain increase.

[SMM Daily Coke Market Briefing] In terms of supply, coke producers are operating normally with smooth shipments. The enthusiasm of downstream buyers for coke procurement has increased, and coke inventories at coke producers continue to decline. Demand side, due to the environmental protection-driven production restriction policy combined with routine maintenance of blast furnaces, pig iron production at steel mills has slightly decreased. However, steel mills' profitability remains high, and the downside room for pig iron production is limited, indicating a rigid demand for coke in the short term. In summary, the fundamentals of the coke market are moderate. Some coke producers are reluctant to sell, and the coke market may hold up well or generally be stable with a slight rise in the short term.

[SMM Daily Coke Market Review] In terms of supply, coke enterprises are still experiencing certain losses. Those that have cut production earlier lack the motivation to resume production, so coke supply remains low and stable. Additionally, the recent increase in downstream purchases has led to a continuous reduction in coke enterprises' coke inventories, alleviating their sales pressure. On the demand side, affected by the off-season market, pig iron production of steel mill blast furnaces has declined, and steel mills are maintaining purchasing as needed. In summary, the fundamentals of the coke market are tending towards balance, with stable cost support. In the short term, coke prices may remain stable. However, on July 9th, the US reignited global tariff conflicts, which may impact the coke futures market and weaken expectations for an increase in coke spot prices.

[SMM Daily Briefing on Coal and Coke] In terms of supply, affected by profit losses and environmental protection inspections, coke producers' production has been restricted. Some coke producers still maintain a certain degree of production restrictions. However, the purchase volume from downstream buyers has increased, and coke inventories at coke producers have continued to decline. Demand side, driven by the strength of the futures market and the rise in steel prices, steel mills' profitability has improved. Pig iron production from blast furnaces has remained high, and the demand for coke procurement has continued to be released. In summary, the fundamentals of coke are gradually improving, with stable cost support. In the short term, coke prices may remain stable, with a certain expectation of a price increase.