[SMM Coking Coal and Coke Daily Brief] 20260511

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,590 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,630 yuan/mt.

Coking coal side, most coal mines maintained normal production, and mine inventory pressure was not significant for the time being. Auction prices for some low-sulphur premium coal grades were slightly raised, mine shipments were smooth, and coking coal prices maintained an upward trend in the short term.

Coke market:

The nationwide average price of first-grade metallurgical coke-coke dry quenching was 1,845 yuan/mt; quasi-first-grade metallurgical coke-coke dry quenching was 1,705 yuan/mt; first-grade metallurgical coke-wet quenching was 1,490 yuan/mt; and quasi-first-grade metallurgical coke-wet quenching was 1,400 yuan/mt.

News side, mainstream steel mills in Hebei and Shandong raised wet-quenched coke by 50 yuan/mt and dry-quenched coke by 55 yuan/mt, effective from 00:00 on May 11, 2026, marking the implementation of the third round of coke price increases. In terms of supply, cost support for coke strengthened recently, and coke enterprises had good order-taking conditions with delivery urging emerging in the market, keeping coke supply in a tight balance. Demand side, current steel mill profits expanded notably, production enthusiasm was high, daily average hot metal production fluctuated at highs, coke demand was strong, and steel mills were active in purchasing. In summary, after the implementation of the third round of coke price increases, the coke market is expected to be generally stable with slight rise in the short term. [SMM Steel]