Coke Market to Stabilise in Near Term

Published: Jan 12, 2023 15:18

Source: SMM

Save

The coke market looks set to stabilise in the near term.

SHANGHAI, Jan 12 (SMM) - The coke market looks set to stabilise in the near term.

Coking coal market

Purchases by downstream buyers and traders have decreased, and online purchases were also sluggish. The prices of some high-priced coal products continued to fall. Nonetheless, coking coal supply has tightened further as some coal mines have shut down for CNY holidays. Quotations of coal mines are stable.

Coke market

On the supply side, most coking plants suffered losses. This, combined with regional environmental protection policies, prompted some coking plants to cut output. But coke inventories continue to accumulate amid poor demand.

On demand, as the profit of some steel mills has recovered, the pressure on coke prices may ease. But some steel mills have cut output for maintenance, weakening demand for coke. This, together with the sluggish trades of steel, caused a few steel mills to push for lower coke prices.

The supply of coke remains ample, while the downside room for coking coal prices will be limited. Most coking plants are expected to cut output amid extending losses. The coke market will stabilise in the near term.

Market Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

SiMn Exports Pulled Back MoM in February, While Imports Remained at Zero [SMM Analysis]

According to the latest release from the General Administration of Customs, SMM statistics showed that China’s SiMn exports were 1,965.37 mt in February 2026, down 22.61% MoM. Cumulative exports in January-February totaled 4,500 mt, up 11.73% YoY. China’s SiMn imports were 0 mt in February 2026, flat MoM from January. Cumulative imports in January-February were 0 mt, down 100% YoY. By regional import and export structure, SiMn exports were mainly destined for Indonesia.

2 hours ago

Off-Season Demand Coupled With the Chinese New Year Effect Led to a Significant Decline in China's SiMn Exports in January [SMM Analysis]

According to the latest release from the General Administration of Customs, SMM statistics showed that China’s SiMn exports were 2,539.52 mt in January 2026, down 50.55% MoM and down 31.84% YoY. China’s SiMn imports were 0 mt in January 2026, down 100% MoM and down 100% YoY. By import and export regional structure, SiMn exports were mainly destined for Indonesia.

2 hours ago

Ferrous Metals Expected to Continue Holding Up Well Amid the Middle East Conflict and Long-Term Contract Negotiations [SMM Steel Industry Chain Weekly Report]

This week, ferrous metals fluctuated at highs, with raw material ore and coking products outperforming steel. Against the backdrop of the escalating conflict in the Middle East, ore and coking products held up well, supported by higher shipping costs and transmission from coal and coke as energy substitutes. In the second half of the week, supply and demand data for hot-rolled coil and rebar were released. The increase in rebar inventory slowed markedly; however, hot-rolled coil demand was lower than the same period last year, and the pace of post-holiday recovery was relatively slow, leaving steel as a whole with limited upward momentum, while futures retreated after rapid rise. In the spot market, trading in the Chinese market was average this week.....

2 hours ago