[SMM Coking Coal and Coke Daily Briefing] February 10, 2026

Published: Feb 10, 2026 17:13

Save

[SMM Coking Coal and Coke Daily Brief] Supply side, coking plants maintained normal production, but pre-holiday shipments were weak, inventory pressure gradually increased, and some coking plants accumulated coke inventory. Demand side, end-use consumption of finished steel showed no signs of recovery, steel prices fluctuated downward, steel mill profits were under pressure, market sentiment weakened further, and post-holiday is traditionally the off-season, steel mills had weak production willingness and remained cautious about coke purchasing, mainly purchasing as needed. In summary, the coke market may remain in the doldrums before the holiday.

[SMM Coking Coal and Coke Daily Briefing]

Coking coal market:

Low-sulphur coking coal in Linfen was offered at 1,650 yuan/mt. Low-sulphur coking coal in Tangshan was offered at 1,450 yuan/mt.

Raw material fundamentals, private mines successively entered the shutdown and holiday state, coking coal supply had tightening expectations, while downstream pre-holiday stockpiling basically ended, market supply and demand were both weak, online auction transaction prices saw some downward adjustments, but mines had previous orders and strong willingness to hold prices firm, pre-holiday coking coal prices may operate in the doldrums.

Coke market:

The nationwide average price for first-grade metallurgical coke - dry quenching was 1,790 yuan/mt. The nationwide average price for quasi-first-grade metallurgical coke - dry quenching was 1,650 yuan/mt. The nationwide average price for first-grade metallurgical coke - wet quenching was 1,440 yuan/mt. The nationwide average price for quasi-first-grade metallurgical coke - wet quenching was 1,350 yuan/mt.

Supply side, coke enterprises maintained normal production status, but pre-holiday coke enterprise shipments were poor, inventory pressure gradually increased, some coke enterprises saw some accumulation of coke inventory. Demand side, finished steel end-use consumption showed no signs of recovery, steel prices fluctuated downward, steel mill profits were under pressure, market sentiment further weakened, and the post-holiday period is the traditional off-season, steel mills had poor production willingness, were relatively cautious towards coke purchasing, mainly purchasing as needed. In summary, the pre-holiday coke market may operate in the doldrums.[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

7 mins ago

[SMM Stainless Steel Daily Review] SS Futures Were in the Doldrums, While Spot Stainless Steel Held Steady, with Rigid Demand Dominating

[SMM Stainless Steel Daily Review] SS Futures Were in the Doldrums, While Spot Stainless Steel Held Steady with Just-in-Time Procurement Dominating SMM News on March 11: SS futures showed a weak fluctuating trend. Since March, they had continued to move sideways in the 14,000-14,400 range. Affected by the continued escalation of geopolitical conflicts, SS futures extended their fluctuating trend, closing at 14,210 yuan/mt by the midday session. In the spot market, driven by the sideways movement in futures, spot traders' quotations generally held steady. Downstream end-users mainly made just-in-time procurement, while the earlier bullish sentiment had been fully exhausted, leaving insufficient willingness for advance purchases and stockpiling. However, as the traditional peak season gradually approaches, fundamental demand can still be maintained, and market participants expect stainless steel prices to remain strongly supported by costs within the month. The most-traded SS futures contract fluctuated downward. As of 10:15 a.m., SS2604 was quoted at 14,105 yuan/mt, down 190 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi stood in the 400-600 yuan/mt range. In the spot market, cold-rolled 201/2B coils in Wuxi all held steady; for cold-rolled burr-edge 304/2B coils, average prices in both Wuxi and Foshan held steady; cold-rolled 316L/2B coils in Wuxi held steady; for hot-rolled 316L/NO.1 coils, Wuxi quotations held steady; and cold-rolled 430/2B coils in both Wuxi and Foshan held steady. As the market entered the traditional peak consumption season of "Golden March and Silver April," the stainless steel market ushered in a window for demand recovery. The downstream demand side successively resumed work and production after the Chinese New Year holiday, and demand showed a gradual recovery trend. However, although transactions improved from the previous period, the market had yet to show the brisk activity typical of the peak season, ...

7 mins ago

26 mins ago

[SMM Daily Chromium Review] Prices Moved Upward, Chromium Market Remained Firm and Stable

[SMM Daily Chrome Review: Prices Moved Higher, Chrome Market Remained Firm and Stable] March 11, 2026: Quotations for both ferrochrome and chrome ore rose slightly...

26 mins ago

3 hours ago

Ningbo HRC Inventory Decreases 0.58% WoW, Down 34.42% YoY by Lunar Calendar

This week, Ningbo HRC inventory in the large-sample survey was 512,000 mt, down 3,000 mt WoW, a decline of 0.58%, with a lunar-calendar YoY decline of 34.42%.

3 hours ago