Recently, mainstream steel mills in many places raised the prices of coke-related products. The execution time was 00:00 on January 30. In response to the first round of increases in coke in 2026, the coke and coking coal futures markets reported a slight increase. At the close of trading on January 30, the main contract for coking coal rose 1.32%, and the main contract for coke rose 1.29%. What impact does the price increase of coke have on coke, the raw material for coke production? “Currently, coal mines are producing normally, and the supply of coking coal is relatively sufficient, but private coal mines have gradual holiday plans in the later stages. Furthermore, as the Spring Festival approaches, the centralized inventory replenishment of coking plants is basically coming to an end, and demand is slowing down.” Zhao Li, a coking coal analyst at Zhuochuang News, said. Regarding the trend of the dual-focus market in the future, Zhao Li believes that overall, as the Spring Festival is nearing the end of inventory replenishment at coking plants, demand will gradually slow down, and the market is expected to gradually stabilize. Domestic coal market prices are expected to run steadily in February as a whole. On the supply side, as the Spring Festival holiday approaches, coal mines are being shut down one after another, and market supply is clearly expected to tighten; on the demand side, due to the impact of the Spring Festival holiday, coal companies basically consume inventory, and demand for new purchases is limited. At the same time, traders are closing the market one after another, and speculative demand is also relatively limited. Overall, the domestic coal market is expected to show a weak pattern of both supply and demand in February.

Recently, mainstream steel mills in many places raised the prices of coke-related products. The execution time was 00:00 on January 30. In response to the first round of increases in coke in 2026, the coke and coking coal futures markets reported a slight increase. At the close of trading on January 30, the main contract for coking coal rose 1.32%, and the main contract for coke rose 1.29%. What impact does the price increase of coke have on coke, the raw material for coke production? “Currently, coal mines are producing normally, and the supply of coking coal is relatively sufficient, but private coal mines have gradual holiday plans in the later stages. Furthermore, as the Spring Festival approaches, the centralized inventory replenishment of coking plants is basically coming to an end, and demand is slowing down.” Zhao Li, a coking coal analyst at Zhuochuang News, said. Regarding the trend of the dual-focus market in the future, Zhao Li believes that overall, as the Spring Festival is nearing the end of inventory replenishment at coking plants, demand will gradually slow down, and the market is expected to gradually stabilize. Domestic coal market prices are expected to run steadily in February as a whole. On the supply side, as the Spring Festival holiday approaches, coal mines are being shut down one after another, and market supply is clearly expected to tighten; on the demand side, due to the impact of the Spring Festival holiday, coal companies basically consume inventory, and demand for new purchases is limited. At the same time, traders are closing the market one after another, and speculative demand is also relatively limited. Overall, the domestic coal market is expected to show a weak pattern of both supply and demand in February.