China Rebar Stocks up 47.3% from before CNY Holiday

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 23 Mar , 2026

[SMM Daily Brief Commentary on Coking Coal and Coke] News, coke producers in multiple regions initiated an increase in coke prices, with wet-quenched coke raised by 50 yuan/mt and coke dry quenching raised by 55 yuan/mt, effective from 00:00 on March 25. In terms of supply, coking costs increased and losses at coke producers widened, but thanks to rising prices of chemical by-products, coke producers nationwide are not actually operating at a loss at present. Most coke producers maintained moderate enthusiasm for production, and coke supply rose steadily. Demand side, steel mills in north China resumed production one after another, and steel mills' daily average hot metal production increased, lifting rigid demand for coke and in turn boosting purchasing enthusiasm for coke. In summary, stronger cost support for coke, coupled with improved purchasing enthusiasm from steel mills, led to some improvement in market sentiment and further strengthened bullish expectations. The coke market is expected to hold up well this week, and the first round of coke price increases is expected to be implemented.

[SMM Chrome Daily Review: Price Gains Slowed, and the Chrome Market Operated Steadily] March 23, 2026 News: Quotations for chrome ore and ferrochrome remained unchanged for the time being...