[SMM Coking Coal and Coke Daily Brief] August 4, 2026

[SMM Coking Coal and Coke Daily Review]

Coking Coal Market:

Linfen low-sulphur coking coal is quoted at 2,000 yuan/mt.

Coking coal side, the pace of mine production resumptions is relatively slow, and the overall mine inventory has not experienced significant inventory buildup pressure, providing some support for coking coal prices. However, downstream demand is weak, the wait-and-see sentiment in the market remains strong, and it is relatively difficult to sell high-priced coal grades. The coking coal market will likely be in the doldrums in the short term.

Coke Market:

The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) is at 1,980 yuan/mt.

Supply side, most coke producers are currently at a loss, and some have cut production to varying degrees. However, coke shipments are sluggish, and coke inventory at plants continues to accumulate. Demand side, steel product prices have broken below key levels, deepening losses. Many steel mills have carried out production cuts and maintenance, actively controlling coke arrivals. Overall, market sentiment remains subdued, and there are expectations of a third round of coke price cuts. The coke market is likely to be in the doldrums in the short term. [SMM Steel]