[SMM Daily Brief Review of Coking Coal and Coke] 20260327

Published: Mar 27, 2026 16:08

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[SMM Daily Brief Review of Coking Coal and Coke] News side, some steel mills are expected to raise wet-quenched coke prices by 50 yuan/mt and coke dry quenching prices by 55 yuan/mt, effective from 00:00 on April 1, 2026. In terms of supply, coke producers currently saw good shipments, and coke inventory remained at a relatively low level. Meanwhile, coking costs increased significantly, strengthening coke producers' willingness to increase prices. Demand side, steel sales improved, and steel mills were in the stage of resuming work and production, with hot metal production trending upward, boosting their willingness to procure coke. Overall, the first round of coke price increases may be implemented next week, and the coke market is likely to hold up well in the short term.

[SMM Daily Brief Review on Coking Coal and Coke]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,600 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,560 yuan/mt.

Coking coal, mainstream mines maintained normal production. Recently, coking coal prices stabilized and rebounded, market sentiment improved significantly, and online auction trading volume increased. Some downstream coke and steel enterprises actively made purchases, mine presale orders were strong, and sentiment was optimistic. Coking coal prices may remain generally stable with slight rise next week.

Coke market:

The nationwide average price of first-grade metallurgical coke (dry quenching) was 1,735 yuan/mt. The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) was 1,595 yuan/mt. The nationwide average price of first-grade metallurgical coke (wet quenching) was 1,390 yuan/mt. The nationwide average price of quasi-first-grade metallurgical coke (wet quenching) was 1,300 yuan/mt.

On the news front, some steel mills are expected to raise wet-quenched coke prices by 50 yuan/mt and dry-quenched coke prices by 55 yuan/mt, effective from 00:00 on April 1, 2026. Supply side, current shipments from coke enterprises were relatively good, and coke inventory remained at a low level. Meanwhile, coking costs increased significantly, strengthening coke enterprises' willingness to increase prices. Demand side, steel sales improved somewhat, and steel mills were in the stage of resuming work and production, with hot metal production trending upward, boosting enthusiasm for coke procurement. In summary, the first round of coke price increases may be implemented next week, and the coke market may hold up well in the short term.[SMM Steel]

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