[SMM Coking Coal and Coke Daily Briefing] February 10, 2026

Published: Feb 10, 2026 17:13

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[SMM Coking Coal and Coke Daily Brief] Supply side, coking plants maintained normal production, but pre-holiday shipments were weak, inventory pressure gradually increased, and some coking plants accumulated coke inventory. Demand side, end-use consumption of finished steel showed no signs of recovery, steel prices fluctuated downward, steel mill profits were under pressure, market sentiment weakened further, and post-holiday is traditionally the off-season, steel mills had weak production willingness and remained cautious about coke purchasing, mainly purchasing as needed. In summary, the coke market may remain in the doldrums before the holiday.

[SMM Coking Coal and Coke Daily Briefing]

Coking coal market:

Low-sulphur coking coal in Linfen was offered at 1,650 yuan/mt. Low-sulphur coking coal in Tangshan was offered at 1,450 yuan/mt.

Raw material fundamentals, private mines successively entered the shutdown and holiday state, coking coal supply had tightening expectations, while downstream pre-holiday stockpiling basically ended, market supply and demand were both weak, online auction transaction prices saw some downward adjustments, but mines had previous orders and strong willingness to hold prices firm, pre-holiday coking coal prices may operate in the doldrums.

Coke market:

The nationwide average price for first-grade metallurgical coke - dry quenching was 1,790 yuan/mt. The nationwide average price for quasi-first-grade metallurgical coke - dry quenching was 1,650 yuan/mt. The nationwide average price for first-grade metallurgical coke - wet quenching was 1,440 yuan/mt. The nationwide average price for quasi-first-grade metallurgical coke - wet quenching was 1,350 yuan/mt.

Supply side, coke enterprises maintained normal production status, but pre-holiday coke enterprise shipments were poor, inventory pressure gradually increased, some coke enterprises saw some accumulation of coke inventory. Demand side, finished steel end-use consumption showed no signs of recovery, steel prices fluctuated downward, steel mill profits were under pressure, market sentiment further weakened, and the post-holiday period is the traditional off-season, steel mills had poor production willingness, were relatively cautious towards coke purchasing, mainly purchasing as needed. In summary, the pre-holiday coke market may operate in the doldrums.[SMM Steel]

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