[SMM Daily Coke & Coal Brief Review] 20250807

Published: Aug 7, 2025 16:55

Save

[SMM Daily Briefing on Coal and Coke] In terms of supply, the profitability of coke enterprises has improved, and the supply of coke has increased. Currently, the shipment situation of coke enterprises is good, and their own coke inventory remains low. Demand side, the arrival situation of steel mills has improved, and their own coke inventory has increased slowly. However, the pig iron production of steel mill blast furnaces remains at a high level, creating a rigid demand for coke and maintaining the previous procurement pace. In summary, the arrival situation of steel mills has improved, and the supply-demand imbalance of coke has eased somewhat. However, the cost support remains strong, and the coke market may operate generally stable with slight rise in the short term.

[SMM Daily Coking Coal and 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: With ongoing overproduction inspections at Shanxi mines, coking coal supply is expected to tighten. The relatively small inventory pressure has strengthened producers' willingness to refuse to budge on prices or even raise them. However, cautious purchasing from downstream buyers has cooled the bullish sentiment. Overall, coking coal prices remained stable, with slight rises seen in quotations for some scarce coal varieties.

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, and quasi-first-grade (wet-quenched) was priced at 1,280 yuan/mt.

Supply side: Coke producers saw improved profitability, leading to increased supply. Current shipments remain smooth, with inventories maintained at low levels. Demand side: Steel mills reported better arrival rates, with coke inventories gradually building up. However, sustained high hot metal production at blast furnaces maintains rigid coke demand, keeping procurement rhythms steady. Overall, improved mill arrivals have eased the supply-demand imbalance, but strong cost support suggests the coke market may hold up well in the near term.

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

Feb 6, 2026 18:30

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.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

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.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[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...

Feb 6, 2026 17:41