According to SMM, the start-up situation of coking enterprises is good

Published: Oct 18, 2023 18:09

Save

According to SMM, the start-up situation of coking enterprises is good, the shipment is more active, the inventory pressure is low, but the cost support is slightly weakened, and the third round of coking coal price increase may be shelved. In addition, the elimination work of 4.3-meter coking furnace in Shanxi Province is progressing steadily, some coking furnaces have stopped coal loading and withdrawn in advance, and the supply of coking coal is expected to be tightened in the later period. On the demand side, the current steel mills are in the red, and the willingness to accept high-priced coking coal is not high. Moreover, the number of blast furnace overhaul plans has increased, the demand for coking coal has weakened, and the enthusiasm of some steel mills for coking coal procurement has decreased. In general, the start-up of coking enterprises remains stable, but the loss of downstream steel mills is expanding, the shutdown and maintenance is increasing, the demand for coking coal is decreasing, and the cost support is weakening. In the short term, the coking coal market may be temporarily stable.

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 for 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

42 mins ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

42 mins ago

1 hour ago

[ Canada to Impose 50% Retaliatory Tariff on US Steel ]

The Canadian government announced a 50% retaliatory tariff on United States exports of steel and aluminum, scheduled to take effect on September 8, 2026. The aggressive trade measure directly responds to the recent collapse of bilateral metal trade negotiations and the implementation of US tariffs. The cross-border penalties threaten to heavily disrupt integrated North American steel supply chains ahead of the fast-approaching deadline.

1 hour ago

[ Bharat Coking Coal Output Grows 2.8% in August ]

Bharat Coking Coal Limited (BCCL) announced that its coking coal production increased by 2.8% year-on-year to 2.18 million tonnes in August 2026. Despite a sharp 65.9% drop in non-coking coal output, the core metallurgical segment drove total raw coal production to 2.21 million tonnes for the month. Opencast mining operations were the primary contributors to this volume, generating 2.19 million tonnes of the total yield.

1 hour ago