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  [SMM Coking Coal and Coke Daily Brief] February 4, 2026

  [SMM Daily Coking Coal and Coke Brief] Supply side, coking plant losses narrowed, production remained relatively stable, and coke supply saw a slight increase. However, downstream procurement pace slowed down, hindering coking plant shipments. Demand side, end-use demand for finished products remained weak with sluggish sales, and blast furnace maintenance plans at steel mills increased. Most steel mills showed low restocking willingness, primarily purchasing as needed. Overall, the coke market is expected to remain stable in the short term.

• Spot Aluminum Price Center Rises Compared to the Previous Day, East China Procurement Sentiment Increases [SMM Spot Aluminum Midday Review]

• Data: SHFE, DCE market movement (Feb 04)

  The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 04 Feb , 2026

• SHFE Lead in the Doldrums, KDJ Lines Converging [Lead Futures Brief Review]

• Secondary Lead Production in China Plummets in February, Spot Trading Difficult to Improve After Holiday?

  With the Chinese New Year holiday falling in mid-February and weak end-use consumption, lead-acid battery producers scaled back pre-holiday stockpiling compared with previous years. The sluggish sales of lead ingots intensified finished product inventory pressure on secondary lead smelters. According to SMM, enterprises suspending production during the holiday started their breaks one week earlier YoY. Coupled with three fewer calendar days in February compared with January, secondary lead ……