[SMM Daily Coke & Coal Brief Review] 20250806

[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]