[SMM Daily Review on Coal and Coke] 20250122

Published: Jan 22, 2025 16:55 (GMT+8)

Save

[SMM Daily Review on Coal and Coke] In terms of supply, coke enterprises are experiencing profit contraction, with some facing losses, but overall production remains at previous levels. Coke inventory at coke enterprises continues to accumulate. Demand side, with Chinese New Year approaching, the market is gradually entering holiday mode, and steel mills mainly purchase coke as needed. In summary, the coke market is expected to remain stable in the short term.

【SMM Coking Coal and Coke Daily Review】

Coking Coal Market:

The price of low-sulfur primary coking coal in Linfen is 1,400 yuan/mt. The price of low-sulfur primary coking coal in Tangshan is 1,500 yuan/mt.

Regarding raw material fundamentals, coal mines have entered the holiday period, leading to a gradual decline in production. However, due to shrinking profits, coke enterprises have reduced their enthusiasm for raw material procurement, focusing mainly on restocking as needed. In summary, coal mines show limited willingness to lower prices, with the overall market remaining stable.

Coke Market:

The nationwide average price of Grade I metallurgical coke (dry quenching) is 1,845 yuan/mt. The nationwide average price of Quasi-Grade I metallurgical coke (dry quenching) is 1,705 yuan/mt. The nationwide average price of Grade I metallurgical coke (wet quenching) is 1,490 yuan/mt. The nationwide average price of Quasi-Grade I metallurgical coke (wet quenching) is 1,408 yuan/mt.

In terms of supply, coke enterprises are experiencing shrinking profits, with some incurring losses. However, overall production remains at previous levels, and coke inventories at coke enterprises continue to accumulate. On the demand side, with Chinese New Year approaching, the market is gradually entering holiday mode, and steel mills are primarily purchasing coke as needed. In summary, the coke market is expected to remain stable in the short term. 【SMM Steel】

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

17 hours ago

[SMM Coal Flash] White Energy to Acquire South Galilee Coal Project

White Energy has agreed to acquire the South Galilee thermal coal project in Queensland from the AMCI Group for AUD500,000, plus milestone and royalty payments of up to AUD19.5 million. AMCI Investments will receive a further AUD1.5 million upon the grant of a mining lease and a royalty of AUD2/t of coal mined and sold from the project, capped at AUD18 million. The project received Commonwealth environmental approval in 2015 and comprises two exploration permits and a mining lease application. Completion is expected four business days after the limited conditions precedent are satisfied.

17 hours ago

21 hours ago

MMi Daily Iron Ore Index Prices for 2nd October 2026

21 hours ago

22 hours ago

[Nucor quarterly guidance points to stronger earnings as firmer steel prices offset higher costs]

Nucor (NYSE:NUE) issued quarterly guidance pointing to stronger earnings alongside rising product costs, as firmer steel prices met higher input costs. Steel mills and steel products improved while raw materials softened, underscoring the differing pace across three arms that turn recycled scrap into steel via electric-arc furnaces nationwide. Scrap, energy and alloying costs feed cash costs directly, trimming part of the gain from firmer selling prices. Cooler inflation eased expectations of further rate hikes and the S&P 500 edged higher in early October, though trade measures on imported steel remain unsettled. The stock traded at 235.98 USD, up 2.23 USD, or 0.954%. Nucor keeps expanding and upgrading mills to lift capacity; results later this month will test pricing and costs.

22 hours ago