[SMM Coking Coal and Coke Daily Brief Review] 20260311

Published: Mar 11, 2026 16:46

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[SMM Daily Brief Review of Coking Coal and Coke] In terms of supply, losses per mt of coke at coking enterprises widened slightly, operating rates barely maintained the previous level, and there was no willingness to increase production. Coke supply was relatively stable, but downstream buying interest was not high, resulting in some inventory buildup pressure at coking enterprises. On the demand side, the Two Sessions have not yet concluded, the daily average hot metal production at steel mills declined temporarily, and enthusiasm for restocking coke was not high, with just-in-time procurement maintained. In summary, sales pressure on coking enterprises increased somewhat, and cost support is expected to weaken. In the short term, the coke market may remain in the doldrums.

[SMM Daily Brief Review of Coking Coal and Coke]
Coking Coal Market:
Linfen low-sulphur coking coal was quoted at 1,570 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,450 yuan/mt.
Coking coal, as mines gradually resumed production, supply appeared slightly loose. Recently, after coking coal prices fell, shipments improved somewhat, but shipments of some coal varieties with slower price increases remained sluggish, and high-priced resources continued to go unsold at online auctions. In the short term, coking coal prices may continue to fluctuate within a narrow range.
Coke Market:
The nationwide average price of first-grade metallurgical coke (dry quenched) was 1,790 yuan/mt. The nationwide average price of quasi-first-grade metallurgical coke (dry quenched) was 1,650 yuan/mt. The nationwide average price of first-grade metallurgical coke (wet quenched) was 1,440 yuan/mt. The nationwide average price of quasi-first-grade metallurgical coke (wet quenched) was 1,350 yuan/mt.
In terms of supply, losses per mt of coke at coke producers widened slightly, and operating rates barely maintained the previous level, with no intention to raise output. Coke supply remained relatively stable, but downstream buying interest was low, resulting in certain inventory buildup pressure at coke producers. In terms of demand, the Two Sessions had not yet concluded, and the daily average hot metal production at steel mills declined temporarily, leaving them with limited enthusiasm for restocking coke and maintaining just-in-time procurement. Overall, sales pressure on coke producers increased somewhat, and expectations grew for weakening cost support. In the short term, the coke market may remain in the doldrums with stability. [SMM Steel]

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