[SMM Coking Coal Daily Brief] 20250822

Published: Aug 22, 2025 17:16

Save

[SMM daily coke and coal review] In terms of news, major steel mills in Hebei and Shandong accepted the seventh round of coke price increases by 50-55 yuan/mt. In terms of supply, coking enterprises' profits expanded, boosting production enthusiasm, but due to production restrictions related to the military parade, supply is unlikely to increase significantly. Coking companies are shipping smoothly, with relatively small inventory pressure. On the demand side, the production restriction dates for steel mills in Tangshan have been set, which may lead to a decrease in coke demand. However, as steel mill profits remain moderate and hot metal production is declining slowly, there is still a rigid demand for coke. Overall, with limited potential for a significant increase in coke supply and downstream steel mills needing to restock coke, the short-term coke market is expected to be generally stable with slight rise.

[SMM Daily Coking Coal & Coke Brief]

Coking coal market:

Low-sulphur coking coal in Linfen was offered at 1,470 yuan/mt. Low-sulphur coking coal in Tangshan was offered at 1,450 yuan/mt.

Fundamentals of raw materials: previously suspended coal mines gradually resumed production, overall coking coal supply increased slightly, while end-user procurement slowed down, overall mine shipments weakened, online auction transaction prices mainly dropped slightly, market sentiment turned cautious, and some coal types may continue to adjust in price.

Coke market:

Nationwide average price for first-grade metallurgical coke - dry quenching was 1,845 yuan/mt. Nationwide average price for quasi-first-grade metallurgical coke - dry quenching was 1,705 yuan/mt. Nationwide average price for first-grade metallurgical coke - wet quenching was 1,490 yuan/mt. Nationwide average price for quasi-first-grade metallurgical coke - wet quenching was 1,400 yuan/mt.

News: major steel mills in Hebei and Shandong accepted the seventh round of coke price increase of 50-55 yuan/mt. In terms of supply, coke producers' profits expanded, production enthusiasm improved, but restricted by production limitations related to the parade, supply was unlikely to increase significantly; coke producers had smooth shipments, overall inventory pressure was relatively small. Demand side: production restriction dates for steel mills in Tangshan were confirmed, subsequent coke demand may decline, but steel mill profits were moderate, hot metal production decreased slowly, and there was rigid demand for coke. In summary, coke supply is unlikely to increase significantly, downstream steel mills have restocking demand for coke, and the coke market may 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.

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

22 hours ago

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.

22 hours ago

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.

22 hours ago

23 hours ago

[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...

23 hours ago