SMM

[SMM Daily Coke Market Brief] Mainstream steel mills in Hebei and Shandong have accepted the third round of coke price hikes of 50-55 yuan/mt. In terms of supply, the cost of coal fed into coke ovens remains high for coke producers, with some still operating at a loss. Production constraints persist among coke producers, but shipments are smooth, with vehicles lining up for loading. Demand side, blast furnace operations at steel mills remain at a high level, with significant support from rigid demand. In summary, the coke market fundamentals have shifted towards a tighter situation, with some enterprises showing strong reluctance to sell. Coupled with strong cost support, the short-term coke market may continue to hold up well.