The coke futures market fluctuated, with spot transactions showing weak activity. Market participants were generally cautious and adopted a wait-and-see approach. After three rounds of price reductions, coke producers' profits neared the break-even point, and overall production remained stable. With environmental warnings being lifted, many coke producers that had previously reduced output resumed production. The domestic coking coal market saw improved transaction activity, but overall prices slightly decreased, offering limited support for coke prices. The steel market remained weak and pig iron production dropped. Steel mills mainly focused on just-in-time procurement, and some high-inventory steel mills controlled purchases, further limiting coke demand.
Sxcoal Met Coke Daily Survey (Dec 24)
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