Coke maintains a tight balance between supply and demand, and both sides need to wait and see

Gold ten futures on June 12 news, coke, after the rise failed to open the steel mills to lift 50-55 yuan/ton; supply side, the overall coking profit near the break-even, most coke enterprises still have profit margins, start-up production remains stable and high; demand side average daily output of hot metal week-on-week ratio - 1,000 tons to 2.358 million tons, follow-up hot metal or a small growth space, but its variables bring less drive; inventory, coke enterprises shipments smooth, most coke enterprises no inventory pressure, downstream steel mills to maintain on-demand procurement, inventory in the medium low position; overall look at coke itself no obvious contradiction, the disk compared to the warehouse warehouse still reflects a round of water lift; but from the perspective of this round of lifting and lowering, steel mills still have a certain degree of shortage, coke to maintain The tight balance between supply and demand, and the valuation is in the middle position, both long and short need to wait and see. Follow-up remains concerned about steel demand performance and steel price trends.