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

Published: Mar 27, 2026 16:08

Save

[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]

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

1 hour ago

[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Moved Sideways

[SMM Hot-Rolled Coil Daily Trading] On May 21, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 13,760 mt, up 160 mt DoD (+1.2%), up 30.06% YoY (solar calendar), and up 26.70% YoY (lunar calendar).

1 hour ago

Silicon Metal Prices Moved Sideways, Focus on Operating Rate Changes on Both Supply and Demand Sides [SMM Silicon Industry Weekly Review]

[Silicon Metal Prices Shift to Move Sideways, Attention on Operating Rate Changes on Both Supply and Demand Sides]: At the beginning of the week, spot silicon metal prices edged lower in a narrow range before shifting to move sideways. As of May 21, SMM east China oxygen-blown #553 silicon was at 9,100-9,200 yuan/mt, down 150 yuan/mt WoW, and #441 silicon was at 9,300-9,400 yuan/mt, down 150 yuan/mt WoW. The futures market center shifted lower WoW. On Thursday, the most-traded SI2609 contract closed at 8,440 yuan/mt, down 215 yuan/mt WoW, with open interest at 308,000 lots, a WoW decrease of 7,000 lots. In terms of market transactions, as futures weakened at the beginning of the week, some downstream buyers and traders increased their rigid demand purchases, and the market transaction center moved lower WoW. Fundamentals side, both supply and demand of silicon metal are expected to increase in June. Supply side, the main driver is the increase in operating rates of silicon enterprises in Sichuan and Yunnan during the rainy season. Demand side, the main factor is production resumption expectations of individual polysilicon enterprises.

1 hour ago

[SMM Sheets & Plates Daily Review] Limited Downside for Short-term Sheets & Plates Prices

Today, the most-traded HRC contract rose first then fell, closing at 3,394 at the end of the session, down 0.59% intraday. HRC spot prices mostly declined 10-20 yuan/mt today, with some markets remaining stable. In terms of supply, weekly hot-rolled production was 3.1739 million mt, up 19,700 mt WoW, with supply pressure relatively neutral. Demand side, morning transactions were moderate, while afternoon futures decline weakened market transactions. Cost side, after macro front disturbances eased, short-term cost support was limited. Looking ahead, overall HRC inventory will continue to decline, with total inventory down 161,300 mt WoW this week. The supply-demand imbalance showed divergence, with inventory in east China and northern regions continuing to decline while ...

1 hour ago