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![[SMM Survey Daily Briefing on Coal and Coke] 20251022](https://static.metal.com/price.metal.com/3.1.17/image/news-default.png)
[SMM Survey Daily Briefing on Coal and Coke] 20251022
[SMM Coal and Coke Daily Briefing] Supply side, coke producers maintained stable operations with active shipments, keeping coke inventories at low levels. However, declining profit per metric ton of coke has led some producers to voluntarily cut production. Demand side, transportation disruptions at some steel mills in Tangshan have hampered coke deliveries. While daily average hot metal output remains at a relatively high level, sustaining rigid coke demand, finished steel inventory continues to face pressure amid weaker steel prices. Steel mills have shown resistance to the coke price hike. Overall, the coke market is expected to hold up well in the short term, generally stable with a slight rise.
FORVIA HELLA launches first smart dimming glass controller in China
On October 22, FORVIA HELLA announced the launch of its first smart dimming glass controller in the Chinese market.
[SMM Shanghai Spot Copper] Looking ahead to tomorrow, SHFE copper spot premiums are expected to continue weakening, but the discount will be limited. During the morning trading session, the price spread between futures contracts narrowed, with arbitrageurs slightly reducing premiums to secure profits. If copper prices stabilize tomorrow, premiums are not expected to fluctuate significantly.
Data: SHFE, DCE market movement (Oct 22)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 22 Oct , 2025
According to SMM data, as of October 21, inventory in Guangdong reached 53,400 mt, approaching a three-year peak, and the supply-demand imbalance has become prominent in the short term. How will premiums and discounts in Guangdong evolve going forward?First, looking at the current domestic fundamentals:
