[SMM Coking Coal and Coke Daily Briefing] 20260812

[SMM Coking Coal and Coke Daily Briefing]

Coking coal market:

The quotation for Linfen low-sulphur coking coal is 2,010 yuan/mt.

Coking coal side, safety inspections remain stringent. Supply from most operating mines in Shanxi is restricted, and the frequency of online auctions closing at premiums has recently increased. Prices for some premium low-sulphur coking coal and fat coal have been raised slightly. Additionally, a sharp rise in coking coal futures significantly boosted market sentiment, leading to a clear recovery. In the near term, coking coal market may consolidate on a strong note.

Coke market:

The nationwide average price for dry-quenched quasi-first-grade metallurgical coke is 1,925 yuan/mt.

News side, market rumors suggest that coke producers are planning to initiate the first round of coke price increases, tentatively scheduled to start on August 20. Supply side, coke producers are facing high costs, with most falling into losses. Those producers have voluntarily adopted production restrictions, resulting in a decline in total coke supply. Demand side, some blast furnaces that were under maintenance earlier are expected to resume production, which could increase hot metal output and thereby boost mills' rigid demand for coke. However, end-user steel demand is lukewarm and mills' own margins are weak, so overall purchase willingness remains cautious. In summary, spot coke prices are likely to consolidate on a strong note in the near term. [SMM Steel]