[SMM Coking Coal and Coke Daily Brief]20260813

[SMM Coking Coal and Coke Daily Review]

Coking Coal Market:

Linfen low-sulphur coking coal was quoted at 2,010 yuan/mt.

For coking coal, safety inspections at coal mines in Shanxi and Shaanxi were strictly enforced, and the pace of production resumption fell short of market expectations, providing strong support for coking coal prices. The overall sentiment in online auctions improved, and market activity increased noticeably. In the short term, the coking coal market is likely to consolidate on a strong note.

Coke Market:

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

Supply side, coking coal prices remain firm, causing significant losses for coke producers and prompting voluntary production restrictions; coke supply has contracted. Demand side, some steel mills have expectations of blast furnace production resumptions, and rigid demand for coke is expected to increase. In addition, coke inventories at some steel mills are at low levels, and buying interest has picked up. However, end-user demand for finished steel has not changed materially, and steel mills are not yet ready to accept higher coke prices. In summary, under the combined effect of cost support and recovering rigid demand, some coke producers have already begun preparing for the first round of price increases. [SMM Steel]