SMM

[SMM Daily Review on Coal and Coke] In terms of supply, coke enterprises maintained a high level of operation, with inventories accumulating at some enterprises due to sluggish downstream purchasing. On the demand side, end-use demand recovered slowly, pig iron production at steel mills showed moderate growth, and steel mills primarily purchased coke as needed recently. Overall, steel mills' purchasing enthusiasm remained average, with inventories continuing to accumulate at some coke enterprises. The overall supply and demand for coke remained relatively loose. However, the ninth round of price cuts has officially been implemented, and the coke market is expected to operate stably with a weak trend this week.