[SMM Coking Coal and Coke Daily Brief] August 24, 2026

[ SMM Daily Review of Coking Coal and Coke ]

Coking Coal Market:

Linfen low-sulphur coking coal was quoted at 2,400 yuan/mt.

On the coking coal side, some coal mines have gradually resumed production recently, but safety supervision remains strict, severely limiting production release. Supply of coking coal is tight, high-quality resources have been further pushed up, market sentiment is fervent, and some coal types are still expected to see further price adjustments. In the short term, the coking coal market may consolidate on a strong note.

Coke Market:

The nationwide average price of quasi-first-grade metallurgical coke (coke dry quenching) was 1,980 yuan/mt.

Market news: Mainstream steel mills in Shandong and Hebei raised wet quenching coke by 50 yuan/mt and coke dry quenching by 55 yuan/mt, effective at midnight on August 24, 2026, marking the official implementation of the first round of coke price increase. In addition, some steel mills in certain regions plan to raise wet quenching coke by 100 yuan/mt and coke dry quenching by 110 yuan/mt, effective at midnight on August 26, 2026. On the supply side, coke enterprises are suffering severe losses, leading to a noticeable contraction in coke supply. With losses widening, further production cuts are expected to intensify, and coke supply may continue to tighten. On the demand side, blast furnace maintenance at steel mills has largely ended, with those furnaces entering the production resumption stage, increasing rigid demand for coke. Steel mills' procurement enthusiasm has risen significantly, with some mills purchasing at premiums and expediting deliveries. In summary, coke's cost support has strengthened markedly, and the demand side remains robust. In the short term, the coke market will hold up well, and the second round of price increase is about to be implemented.[SMM Steel]