Latest situation in local Chinese coke market

During the given week, Chinese steelmakers have increased their coke purchase volumes compared to the previous week, providing a certain degree of support for coke prices. However, after the Spring Festival, coke producers' production capacity usage has been at relatively high levels, while steelmakers generally slowed down their purchases of coke, resulting in increased inventory levels on the coke producers' side. Meanwhile, iron ore prices have indicated a sharp declining trend, exerting a negative impact on coke prices. It is expected that coke prices in the Chinese domestic market will also move sideways in the coming week.