[SMM Survey of Coal and Coke Daily Briefing] 20260113

Published: Jan 13, 2026 17:17
[SMM Coal and Coke Daily Brief] Supply side, recent coking coal prices have stopped falling, cost support for coke has strengthened, market sentiment is gradually improving, some downstream buyers are actively purchasing, coke enterprises are shipping smoothly, and production enthusiasm has increased. Demand side, some steel mills have recently resumed production of blast furnaces, hot metal production has increased, daily consumption of coke has risen, and actual procurement volume continues to grow. Overall, with improving fundamentals, the coke market may hold up well in the short term, generally stable with a slight rise.

[SMM Daily Coking Coal and Coke Review]

Coking Coal Market:

Low-sulphur coking coal in Linfen was offered at 1,500 yuan/mt. Low-sulphur coking coal in Tangshan was offered at 1,480 yuan/mt.

Raw material fundamentals, mines maintained normal production, supply was released in an orderly manner, downstream purchases of cost-effective coal grades increased, but futures pulled back, market sentiment cooled somewhat. Short-term coking coal prices may remain stable.

Coke Market:

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

Supply side, recent coking coal prices stopped falling, cost support for coke strengthened, market sentiment gradually improved, some downstream buyers actively purchased, coke enterprises reported smooth shipments, production enthusiasm increased. Demand side, some steel mills recently resumed production of blast furnaces, hot metal production increased, daily coke consumption rose, actual procurement volume kept increasing. Overall, with improving fundamentals, the short-term coke market may operate generally stable 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.

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