[SMM Daily Coke & Coal Brief Review] 20250811

Published: Aug 11, 2025 17:23

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[SMM Daily Briefing on Coal and Coke] In terms of supply, coke enterprises have seen improved profitability, leading to increased production enthusiasm and a slight increase in coke supply. Coke enterprises have smooth shipments, maintaining their coke inventory at a low level. Demand side, steel mills, supported by profits, have maintained moderate production enthusiasm. Hot metal production fluctuates at highs, and there is a rigid demand for coke. Some steel mills with low inventory have been actively procuring coke. In summary, the fundamental situation of coke remains tight. However, prices of some coal types have recently seen a correction, weakening cost support. In the short term, the coke market may hold up well with a slight rise, and the sixth round of coke price increase has been postponed.

[T0/][SMM Coal and Coke Daily Briefing] Coking coal market: The price of low-sulphur coking coal in Linfen was 1,470 yuan/mt. The price of low-sulphur coking coal in Tangshan was 1,490 yuan/mt. In terms of raw material fundamentals, many mines have suspended or cut production recently due to accidents, environmental protection, and overproduction, even though some mines have resumed production, the overall supply still decreased. The restocking pace of downstream end-users has slowed down, and traders are lowering prices to sell, leading to a weaker trading atmosphere for coking coal. The proportion of unsold online auctions increased, and transaction prices showed mixed performance. Overall, coking coke prices remained stable, with some high-priced resources experiencing a slight correction. [T3/]Coke market: The nationwide average price of first-grade metallurgical coke (dry quenching) was 1,715 yuan/mt. The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) was 1,575 yuan/mt. The nationwide average price of first-grade metallurgical coke (wet quenching) was 1,370 yuan/mt. The nationwide average price of quasi-first-grade metallurgical coke (wet quenching) was 1,280 yuan/mt. [T6/]In terms of supply, coke enterprises' profitability improved, boosting production enthusiasm, and coke supply increased slightly. Coke enterprises had smooth sales, maintaining low inventory levels. On the demand side, supported by profits, steel mills maintained moderate production enthusiasm, with hot metal output fluctuating at highs, creating a rigid demand for coke. Some steel mills with low inventories were actively purchasing. Overall, the coke market continued to be tight, but recent price corrections in some coal types weakened cost support. In the short term, the coke market is expected to hold up well, with the sixth round of price increases delayed. [SMM Steel] [T7/]

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