On the 7th, Jan, 2026, the price of coke remained stable temporarily

On the 7th, Jan, 2026,  the price of coke remained stable temporarily. Due to the impact of the market, there are expectations of a halt in the decline of coke prices. The expectation of a fifth round of coke price reductions has narrowed. Currently, most coke enterprises are maintaining their previous production restrictions, and the production pace is normal. Most coke inventories in coking plants are running at a low level; On the downstream side, the pace of resuming production of steel mills' blast furnaces still needs to be observed. It is expected that the molten iron will continue to fluctuate at a low level in early January, and there will be a significant rebound in the second half of January. By mid to late January, the resumption of molten iron production, accompanied by downstream winter storage replenishment, may provide short-term support for coal and coke prices. However, it should still be noted that the current inventory level in the coke market is high, and downstream replenishment is relatively cautious. In the short term, the coke market is mainly stable, and in the later stage, continuous attention should be paid to the trend of coking coal, steel prices, steel mill profitability, and the impact of futures market trends on coke prices.