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The current bullishness logic of the coke market mainly has three aspects: first, the coking industry continues to reduce production capacity, the medium and short-term policy support is strong, and the supply side is tight and the coke price is high; the second is the low inventory of domestic coking enterprises coke plants, and domestic coke Port inventories are showing a downward trend, supporting coke prices; third, domestic steel production continues to hit historical highs, short-term steel production is expected to continue to increase, and coke demand is strong and coke prices are strong.
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