[SMM Daily Coke & Coal Brief Review] 20250515
[SMM Daily Commentary on Coking Coal and Coke]
In terms of supply, the price reduction of coking coal has led to profit recovery, with coking enterprises maintaining high production enthusiasm and stable supply at a high level. In addition, coking enterprises are actively shipping goods, keeping their own coke inventory at a low level. Demand side, steel mills are in good profitability, with blast furnace operation rates remaining high, maintaining a rigid demand for coke. However, steel mills generally have high coke inventory, coupled with the increasing expectation of raw material price reductions, leading to cautious procurement strategies by steel mills. In summary, market sentiment has turned pessimistic, and it is expected that the coke market may be in the doldrums in the short term.