[SMM Coking Coal and Coke Daily Brief] 20260820

[SMM Coking Coal and Coke Daily Brief]

Coking Coal Market:

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

In terms of coking coal, coal mine production resumptions are still slow, safety inspections continue to be strictly enforced, coking coal supply is unlikely to increase, coal mines have a strong willingness to hold prices firm, the online auction market remains hot, prices of some coal types have risen, and the coking coal market may hold up well in the short term.

Coke Market:

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

In terms of supply, coking costs have increased significantly, most coke plants are suffering severe losses, production enthusiasm is dampened, there are cases of expanding production restrictions, meanwhile coke plants' coke inventories have started destocking, and market bullish sentiment is heating up. On the demand side, earlier blast furnace maintenance at steel mills has been completed successively, these blast furnaces have entered the stage of production resumptions, coke rigid demand is supported, some steel mills are gradually accelerating their procurement pace, but steel mills' profitability is poor, and there is some resistance to coke plants' price increases. In summary, the cost of coal charged into the furnace has increased strongly, and coke rigid demand has increased, supporting market sentiment to recover, expectations for the implementation of the first round of coke price increases are strong, and the coke market may consolidate on a strong note in the short term.[SMM Steel]