[SMM Coking Coal and Coke Daily Brief] 20260814

[SMM Coking Coal and Coke Daily Review]

Coking coal market:

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

For coking coal, progress in production resumptions at coal mines was constrained by safety supervision, the release of coking coal supply was limited, and overall coal mine shipments improved. Inventories continued their downward trend, the online auction market heated up further, the auction failure rate fell to recent lows, and some coal types still have upside room in the short term.

Coke market:

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

On the news front, the Shanxi Coking Association unanimously resolved that, from 00:00 on August 20, mainstream wet-quenched coke in Shanxi would be raised by 50 yuan/mt, and dry-quenched coke by 55 yuan/mt. Supply side, most coke producers fell into losses and their production enthusiasm was dampened. These producers proactively adopted production restriction measures, causing overall coke supply to decline. Demand side, expectations of blast furnace production resumptions at some downstream steel mills strengthened, and there were expectations of a recovery in hot metal production, providing support for coke prices. However, steel end-user transactions were mediocre, and steel mills' own margins were poor. Some steel mills remained cautious and were resistant to high-priced coke. Overall, under the combined effect of stronger cost support, supply contraction, and demand recovery, coke prices stopped falling, and the coke market may consolidate on a strong note next week.[SMM Steel]