[SMM Daily Coke & Coal Briefing] 20250708

Published: Jul 8, 2025 17:06

Save

[SMM Daily Coke Market Briefing] In terms of supply, coke producers are operating normally with smooth shipments. The enthusiasm of downstream buyers for coke procurement has increased, and coke inventories at coke producers continue to decline. Demand side, due to the environmental protection-driven production restriction policy combined with routine maintenance of blast furnaces, pig iron production at steel mills has slightly decreased. However, steel mills' profitability remains high, and the downside room for pig iron production is limited, indicating a rigid demand for coke in the short term. In summary, the fundamentals of the coke market are moderate. Some coke producers are reluctant to sell, and the coke market may hold up well or generally be stable with a slight rise in the short term.

[SMM Coal & Coke Daily BriefZ2/> Coking Coal Market:

Linfen low-sulphur coking coal is quoted at 1,180 yuan/mt. Tangshan low-sulphur coking coal is quoted at 1,200 yuan/mtZ4/> In terms of raw material fundamentals, some suspended coal mines have resumed production, and coking coal supply is expected to increase. Downstream procurement demand exists, supporting firm coking coal prices. Some high-quality coking coal varieties are still expected to rise, but with poor profitability of downstream coke enterprises and before coke prices increase, there is limited room for a short-term rise in coking coal prices.

Coke Market:
Grade 1 metallurgical coke (dry quenching) nationwide average price is 1,440 yuan/mt. Quasi-Grade 1 metallurgical coke (dry quenching) nationwide average price is 1,300 yuan/mt. Grade 1 metallurgical coke (wet quenching) nationwide average price is 1,120 yuan/mt. Quasi-Grade 1 metallurgical coke (wet quenching) nationwide average price is 1,030 yuan/mt.
In terms of supply, coke enterprises maintain normal production with smooth shipments. Downstream procurement enthusiasm for coke has increased, and coke inventories at coke enterprises continue to decline. In terms of demand, environmental protection-driven production restriction policies combined with blast furnace maintenance have caused a slight decrease in steel mills' pig iron production. However, steel mills maintain relatively high profitability with limited downside room for pig iron output, creating rigid demand for coke in the short term. Overall, coke market fundamentals remain moderate, with some coke enterprises showing reluctance to sell. The short-term coke market is expected to hold up generally stable with slight rise.

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

20 hours ago

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

20 hours ago

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

20 hours ago

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

20 hours ago