[SMM Coking Coal and Coke Daily Brief] 20260417

Published: Apr 17, 2026 15:28

Save

[SMM Coking Coal and Coke Daily Brief] Supply side, coking enterprises in Shanxi, Hebei, and other regions saw tightened production due to the concentrated push by local governments for ultra-low emission retrofits. However, production in other regions rose instead of declining, keeping overall coke supply stable with a slight increase. Demand side, steel mill hot metal production continued to increase, driving strong rigid demand for coke. Steel mills with low inventory had a strong willingness to restock, while other steel mills purchased as needed with stable rigid demand. Overall, coke supply and demand remained in a tight balance. The second round of coke price increases is expected to materialize, and the coke market may hold up well next week.

[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]

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

13 hours ago

6.00 SMM Global Steel Daily Report

[Turkey] Dragged down by market weakness, Turkish domestic rebar prices edged down by 1 USD/tonne to 591.5 USD/tonne EXW. As the depreciation of the lira continues to push up local currency costs, domestic traders have largely adopted promotional pricing strategies, offloading inventories at levels below mill dollar offers. Although mills attempted to hold prices firm last week, they were forced to compromise amid sluggish demand: some mills in the Marmara region lowered their offers by 5 USD/tonne to 605-610 USD/tonne EXW, while offers from Izmir mills also dropped to 585-590 USD/tonne EXW. On the macroeconomic front, rising costs stemming from geopolitical conflicts and a high-interest-rate environment continue to suppress downstream demand, with the market generally expecting limited room for a summer construction rebound. Export activity remains equally subdued, with EU buyers showing insufficient interest in purchasing Turkish material.

13 hours ago

[SMM HRC Daily Trading Volume] Spot HRC trading improved slightly

[SMM HRC Daily Trading Volume] On June 9, the total daily trading volume of hot-rolled coil among sample enterprises in four SMM cities (Shanghai, Lecong, Tianjin, Ningbo) was 13,000 mt, up 420 mt, or 3.1%, DoD, down 7.60% calendar YoY, and up 30.92% lunar YoY.

13 hours ago

[SMM Sheets & Plates Daily Review] Near-Term Sheets & Plates May Fluctuate Weakly

Today, the most-traded HRC contract fluctuated downward and closed at 3,361 in late trading, down 0.59% from the previous session. A late-session rebound in coking coal futures from their limit-down lent some support to HRC futures. Spot sheets & plates fell by 10-20 yuan/mt. Supply side, this week’s impact from hot-rolling maintenance was 74,100 mt, down 156,400 mt WoW. Next week’s impact will be 23,100 mt, down 51,000 mt WoW. Supply pressure this month continued its uptrend. Demand side, futures rose in late trading, boosting transaction activity somewhat, but buying remained largely as needed. Cost side, coking coal futures plunged in both night and day sessions after the Shaanxi Provincial Development and Reform Commission proposed ensuring supply last night. However, the spot supply-demand balance for coking coal and coke stayed tight, suggesting they may not extend steep losses in the near term. In summary, HRC’s underlying contradictions have yet to fully emerge in the short term, but cost support has weakened somewhat. The market will likely continue fluctuating weakly in the near term.

13 hours ago