[SMM Coking Coal Daily Brief] 20250818

Published: Aug 18, 2025 17:12

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[SMM Daily Coke and Coal Review] In terms of news, major coke producers initiated the seventh round of price increases, with an increase of 50-55 yuan/mt, effective from midnight on August 19. In terms of supply, coke mill profits have been restored, leading to higher production enthusiasm. Additionally, coke shipments are smooth, resulting in relatively small inventory pressure for coke mills. Given the strong expectation of production restrictions before the parade, some coke mills face production constraints, maintaining a tight supply situation for coke. On the demand side, recent arrivals at steel mills have improved, but due to good steel mill profits and a slow decline in hot metal, some low-inventory steel mills are still actively purchasing coke. Overall, the coke market is expected to hold up well in the short term, generally stable with slight rise.

[SMM Daily Coal & Coke Market Review]

Coking coal market:

The low-sulphur coking coal in Linfen was quoted at 1,470 yuan/mt, while that in Tangshan was offered at 1,450 yuan/mt.

Fundamentals of raw materials: Most mines maintain relatively low coking coal inventory levels with limited supply growth. Downstream buyers and traders remain cautious, sticking to just-in-time procurement. Online auction prices show mixed performance. However, with strict supervision on overproduction and safety inspections, mines strongly refuse to budge on prices. Short-term coking coal prices may fluctuate.

Coke market:

The nationwide average price of first-grade metallurgical coke (dry-quenched) stood at 1,790 yuan/mt, while that of quasi-first-grade (dry-quenched) was 1,650 yuan/mt. First-grade metallurgical coke (wet-quenched) averaged 1,440 yuan/mt, and quasi-first-grade (wet-quenched) was priced at 1,350 yuan/mt.

Market news: Major coke producers initiated the seventh round of price increase by 50-55 yuan/mt, effective from 00:00 on August 19. Supply side: Coke producers' profits improved, boosting production enthusiasm. Smooth shipments and relatively small inventory pressure, coupled with anticipated production restrictions ahead of military parade, have tightened coke supply. Demand side: Steel mills' arrival volumes recently improved, but with decent profits and slow hot metal output decline, low-inventory mills remain active in coke procurement. Overall, the coke market is expected to hold up well in the short term.[SMM Steel]

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.

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