[SMM Coking Coal and Coke Daily Brief Review]20260819

[SMM Coking Coal and Coke Daily Briefing]

Coking Coal Market:

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

Coking coal: The pace of mine production resumptions fell short of expectations, with high safety supervision intensity and production constraints at mines. Meanwhile, downstream procurement demand increased, market sentiment improved, mine shipments were smooth, online auction transactions mainly rose, and the coking coal market may hold up well in the near term.

Coke Market:

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

Supply side, coke enterprises’ feedstock coal costs kept rising, losses deepened, production cuts expanded, and overall coke output continued to fall. Meanwhile, expectations of coke price hikes strengthened, coke shipments were smooth, and some cokeries held back from selling in anticipation of price increases. Demand side, end-use demand expectations for steel improved, coupled with stronger expectations of production resumptions at some blast furnaces in certain regions, leaving room for hot metal output recovery and providing rigid support for coke. In summary, the market’s expectations for the first round of coke price hike grew, and the coke market may consolidate on a strong note in the near term. [SMM Steel]