[SMM Coking Coal and Coke Daily Brief Commentary] 20260817

[SMM Daily Brief Commentary on Coking Coal and Coke]

Coking coal market:

Low-sulphur coking coal in Linfen was quoted at 2,070 yuan/mt.

Coking coal side, an accident occurred at a coal mine in Lianyuan, Hunan, and production resumptions at coal mines in Shanxi remain constrained by safety supervision. The structural tightness of key coal types persists. Some high-quality coal types that previously saw deep pullbacks have expectations of price increases. 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 (CDQ) was 1,925 yuan/mt.

In terms of supply, coking coal prices remained firm, and most coke producers were suffering severe losses. Some coke producers proactively stepped up production restrictions, leading to a contraction in coke supply. Demand side, maintenance at blast furnaces at some downstream steel mills is expected to end soon, and daily average hot metal production shows an upward trend, so rigid demand for coke may increase. Some steel mills have begun to accelerate their procurement pace. Overall, market sentiment has been boosted, and some coke producers are holding back from selling in anticipation of price increases. In the short term, the coke market may consolidate on a strong note, and the first round of coke price increases may be implemented. [SMM Steel]