SMM

According to the SMM survey, last week the profit per ton of coke was -126.2 yuan/mt, and the losses for coke enterprises continued to expand. Looking ahead, due to the gradual strengthening of coking coal prices on the raw material side, the cost support for coke is becoming stronger. However, downstream steel mills are still experiencing continuous losses, and there is no significant improvement in end-users' steel consumption. Therefore, it is expected that coke enterprises will continue to sustain the current level of losses this week.