Coking Coal And Coke Markets Resumed Operation

Published: Jun 27, 2023 16:28
Source: SMM
Coal mines that were shut down for rectification due to safety accidents resumed production one after another, and supply recovered slowly.

Coking coal market:
Coal mines that were shut down for rectification due to safety accidents resumed production one after another, and supply recovered slowly.
The overall shipments of coal mines are acceptable, and the inventory pressure is not large. Except for some coal mines that are slow to adjust prices, there are cases of supplementary increases, and the prices of most coal mines are stable.
Recently, the transaction prices of online auctions of coal mines have been mixed, and the phenomenon of unsold auctions has increased again, and the momentum of continued price increases in the coking coal market has been suppressed.
Coke market:
On the supply side, coking plant still maintained normal production, and had low inventory on improved demand.
On the demand side, the output of molten iron in steel mills remains high, and the demand for coke is acceptable. However, the recent decline in steel prices has led to weak overall market transactions. In addition, the steel market is in an off-season for consumption, and terminal demand is lower than expected. The market sentiment has weakened.
On the whole, with the sharp drop in the futures market, the weakening of steel prices, and the rise and fall of some coking coal prices, coking steel companies are still in a game state, and it is more difficult for the first round of short-term coke price hikes to land.

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
Operating Rate and Forecast of Construction Steel Production Lines at Central China Steel Mills (2026.2.24-3.2)
2 hours ago
Operating Rate and Forecast of Construction Steel Production Lines at Central China Steel Mills (2026.2.24-3.2)
Read More
Operating Rate and Forecast of Construction Steel Production Lines at Central China Steel Mills (2026.2.24-3.2)
Operating Rate and Forecast of Construction Steel Production Lines at Central China Steel Mills (2026.2.24-3.2)
During the survey period (February 24 to March 2), the operating rate and capacity utilization rate for rebar rolling lines in the Central China region remained unchanged WoW, with steel mills largely maintaining their previous production pace. In terms of factory inventory, most downstream construction sites resumed work after the Lantern Festival, and currently, the ability to absorb rebar demand is limited, leading to a continuous accumulation of inventory.
2 hours ago
MMi Daily Iron Ore Report (March 2)
18 hours ago
MMi Daily Iron Ore Report (March 2)
Read More
MMi Daily Iron Ore Report (March 2)
MMi Daily Iron Ore Report (March 2)
Today, DCE iron ore futures trended stronger today, with the most-traded I2605 contract closing at 754.5 RMB/ton, an increase of 0.87% from the previous trading session.
18 hours ago
[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Have Some Upside Potential
18 hours ago
[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Have Some Upside Potential
Read More
[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Have Some Upside Potential
[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Have Some Upside Potential
[Domestic Iron Ore Brief: Shandong Region Iron Ore Concentrates Prices May Have Some Upside Potential] In the west Liaoning region, domestic iron ore prices remained relatively stable, with 66 grade iron ore concentrates wet basis ex-factory prices at 745-755 yuan/mt; feedback from local mines and beneficiation plants indicated that during the Two Sessions next week, there may be some restrictions on explosives, further exacerbating the overall tightness of iron ore concentrates resources. Demand side, local steel mills are currently operating according to plan
18 hours ago