[SMM Coking Coal and Coke Daily Brief] 20260417

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,510 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,550 yuan/mt.

Coking coal side, most mines maintained stable production, with some mines releasing capacity in an orderly manner, and overall supply showed an incremental pattern. Buyers purchased as needed, online auction market recovered significantly, transaction prices edged up, and overall market trading sentiment improved steadily. In the short term, coking coal prices are expected to hold up well, remaining generally stable with slight rise.

Coke market:

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

In terms of supply, coke enterprises in Shanxi, Hebei and other regions tightened production due to the concentrated push by the government for ultra-low emission retrofitting, but production in other regions increased instead of declining, and coke supply remained stable with a slight increase. Demand side, steel mill hot metal production continued to increase, rigid demand for coke remained strong, steel mills with low inventory had strong restocking willingness, while other steel mills purchased as needed with stable rigid demand. Overall, coke supply and demand were in a tight balance, the second round of coke price increase is expected to be implemented, and the coke market may hold up well next week. [SMM Steel]