[SMM Coking Coal and Coke Daily Brief] 20260508

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,560 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,600 yuan/mt.

Coking coal side, most mines maintained stable production, and supply remained steady. After the holiday, downstream coke and steel enterprises slowed down their purchase pace, with their own coking coal inventory at a reasonable level, and market transaction activity declined somewhat. However, most mines maintained low inventory levels with relatively small shipment pressure, and coking coal prices may hold up well in the short term.

Coke market:

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

In terms of supply, coke enterprises currently maintained profitability with moderate production enthusiasm, supply was stable with slight increase, and shipments were smooth, with coke inventory at coke enterprises remaining at a relatively low level. Demand side, recent finished product prices rose, steel mill profits increased, daily average hot metal output remained at a relatively high level, and steel mill demand for coke was relatively firm. In summary, the third round of coke price increase was still in a negotiation phase, and the coke market may be generally stable with slight rise in the short term. [SMM Steel]