Today, the coke spot market shows a pattern where the price surface is stable for the time being and internal pressure is increasing. The coke spot is currently in a tug-of-war window where expectations of growth and decline have strengthened, but there is still resistance to landing. Mainstream coke companies clearly resisted the third round of lifting and lowering. Although steel mills lost a lot of money, the promotion of the downgrade was not without resistance, and the steel coke game is still at a stalemate stage. Some steel mills plan to cut coke for the third round on the 11th, a reduction of 50-55 yuan/ton. Taken together, the current contraction in supply provides some support for focus prices, but the overall pace of production cuts for coking companies is moderate, and it is difficult to drive a trend increase with low inventories in exchange for price support; there is still room for further downward pressure on the demand side, and the lack of winter storage makes short-term demand less elastic. With the announcement of the third round of the plan, the third round of coke lifting has entered the stage of substantial progress, and the direction of lifting and lowering has basically been locked in.

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