[SMM Coking Coal and Coke Daily Brief] 20260527

Published: May 27, 2026 17:18

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[SMM Coking Coal and Coke Daily Brief] In terms of supply, affected by the escalation of coal mine safety inspections in Shanxi, some coking enterprises saw a notable increase in costs and were forced to cut production, tightening coke supply. In addition, coking enterprises held back from selling, further tightening external coke supply. Demand side, hot metal production of steel mill blast furnaces continued to fluctuate at highs, and some steel mills with low inventory stepped up coke procurement, with restocking demand. In summary, market rumors suggested that some coking enterprises were preparing to initiate a fifth round of coke price increases, and the coke market may hold up well in the short term.

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,620 yuan/mt.

Coking coal side, strict inspections in Shanxi led to a phased decline in coking coal supply. Bullish sentiment in the spot market was at its peak. Downstream buyers had restocking demand, and some speculative demand also emerged. Mines clearly held prices firm and held back from selling. In the short term, the spot coking coal market may hold up well.

Coke market:

The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) was 1,815 yuan/mt.

In terms of supply, affected by the upgraded safety supervision of Shanxi coal mines, costs of some coking enterprises increased significantly, forcing them to cut production. Coke supply tightened, and as coking enterprises held back from selling, external coke supply tightened further. Demand side, hot metal production of steel mill blast furnaces still fluctuated at highs. Some steel mills with low inventory stepped up coke purchases, with restocking demand. In summary, market rumors suggested that some coking enterprises were preparing to initiate a fifth round of coke price increase. In the short term, the coke market may hold up well. [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.

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