[SMM Coking Coal Daily Briefing] 20250924

Published: Sep 24, 2025 17:20

Save

[SMM Daily Coking Coal and Coke Brief] Supply side, most coke enterprises maintained their production levels, while a few reduced output, leading to a slight decline in coke supply. Demand side, steel mills' hot metal production remains high, sustaining stable demand for coke. With the National Day holiday approaching, steel mills' restocking demand is being released. Overall, pre-holiday restocking demand from steel mills persists, the supply-demand structure for coke has tightened, and cost support has strengthened. In the short term, the coke market is expected to remain generally stable with a slight rise.

[SMM Daily Coking Coal and Coke Brief]

Coking coal market:

Low-sulphur coking coal in Linfen was quoted at 1,510 yuan/mt. Low-sulphur coking coal in Tangshan was quoted at 1,450 yuan/mt.

Raw material fundamentals, most mines maintained normal production, while a few mines suspended operations for maintenance. Purchase willingness from downstream increased, market trading atmosphere was active, and order signing at mines was good. Some low-sulphur coking coal offers rose by 100 yuan/mt. Recently, coking coal prices held up well with a slight rise.

Coke market:

Nationwide average price for first-grade metallurgical coke - dry quenching was 1,735 yuan/mt. Nationwide average price for quasi-first-grade metallurgical coke - dry quenching was 1,595 yuan/mt. Nationwide average price for first-grade metallurgical coke - wet quenching was 1,390 yuan/mt. Nationwide average price for quasi-first-grade metallurgical coke - wet quenching was 1,300 yuan/mt.

Supply side, most coke enterprises maintained original production levels, while a few reduced output, leading to a slight decline in coke supply. Demand side, hot metal production at steel mills remained high, supporting stable coke demand. With the National Day holiday approaching, restocking demand from steel mills was released. In summary, pre-holiday restocking demand from steel mills persisted, the supply-demand structure for coke tightened somewhat, and cost support strengthened. In the short term, the coke market is expected to hold up well with a slight rise.[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

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