[SMM Daily Coke & Coal Brief Review] 20250806

Published: Aug 6, 2025 17:27

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[SMM Daily Briefing on Coal and Coke] In terms of supply, coke enterprises have seen some improvement in their profits, leading to an increase in production enthusiasm. Additionally, the shipment of coke from these enterprises has been smooth, and their own coke inventory continues to decline. Demand side, steel mills still maintain production enthusiasm, and some steel mills have low coke inventory, thus there is still a certain demand for restocking. In summary, steel mills are actively purchasing coke, and with the continued support of coke costs, there is still an expectation of a coke price hike in the short term.

[SMM Daily Coking Coal & Coke Market Review]

Coking coal market:

Low-sulphur coking coal in Linfen was quoted at 1,500 yuan/mt, while that in Tangshan was offered at 1,490 yuan/mt.

Raw material fundamentals: As mine overproduction inspections in Shanxi further advance, coking coal futures continue to rally. Mines still have pre-sold orders to fulfill, and coke plants maintain certain restocking demand. In the short term, coking coal prices are expected to remain generally stable with slight rise.

Coke market:

The nationwide average price of first-grade metallurgical coke (dry-quenched) stood at 1,715 yuan/mt, while that of quasi-first-grade (dry-quenched) was 1,575 yuan/mt. First-grade metallurgical coke (wet-quenched) averaged 1,370 yuan/mt, with quasi-first-grade (wet-quenched) at 1,280 yuan/mt.

In terms of supply, coke producers' profitability has improved, boosting production enthusiasm. Smooth shipments have kept their coke inventory on a downward trend. Demand side: Steel mills maintain production momentum, with some showing low coke inventory levels, sustaining restocking needs. Overall, active purchases by mills coupled with persistent cost support suggest short-term coke prices may see further increase. [SMM Steel]

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