[SMM Coking Coal and Coke Daily Briefing] 20260903

[SMM Daily Review on Coking Coal and Coke]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 2,550 yuan/mt.

On the coking coal front, although some mines in major producing areas such as Shanxi have passed inspections and resumed production, the overall pace of production resumptions has fallen far short of expectations. Coking coal supply remains tight, and the coking coal market is likely to continue to hold up well in the short term.

Coke market:

The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) stood at 2,310 yuan/mt.

In terms of news, mainstream steel mills in Hebei and Shandong raised their purchase prices for coke by 100 yuan/mt for wet quenching and 110 yuan/mt for dry quenching, effective from 00:00 on September 3, 2026. In terms of supply, coke producers are facing high coking coal costs and severe losses, leading to a strong willingness to cut production. Meanwhile, downstream purchasing enthusiasm is relatively good, and some coke producers are holding back from selling amid strong sentiment. On the demand side, downstream steel mills have resumed blast furnace production, with daily average hot metal output fluctuating at highs. Steel mills have strong purchase willingness for coke, with some even urging deliveries. In summary, with weak supply and strong demand in fundamentals, the coke market is expected to maintain its strength in the short term. [SMM Steel]