[SMM Coking Coal and Coke Daily Brief] August 10, 2026

[SMM Daily Coking Coal and Coke Briefing]

Coking Coal Market:

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

For coking coal, mine production pace was disrupted by safety inspections, slowing supply release. Moreover, the third round of coke price cuts took effect, causing most coke producers to fall into significant losses, strengthening their resistance to high-priced coal types. However, recently some coke producers restocked some oversold high-quality coal types, which led to a slight recovery in market trading sentiment. In the short term, the coking coal market may consolidate on a strong note.

Coke Market:

The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) was 1,925 yuan/mt.

On the supply side, most coke producers were loss-making, which dampened their production enthusiasm. Moreover, sluggish coke sales led to continuous inventory accumulation at plants. On the demand side, the end-user steel market remained in the traditional off-season, and most steel mills were not profitable, leaving room for further decline in blast furnace hot metal output. This weakened the rigid demand support for coke, and steel mills lacked the motivation for proactive restocking. All in all, the supply-demand fundamentals were weak on both sides, while cost support persisted. In the short term, the coke market may be in the doldrums. The fourth round of price cuts faces considerable difficulty and may be postponed to next week.[SMM Steel]