[SMM Coking Coal and Coke Daily Brief] 20260515

Published: May 15, 2026 16:40

Save

[SMM Coking Coal and Coke Daily Brief] Supply side, coking enterprises maintained relatively active operations, and coke supply edged up. Coking enterprises saw smooth shipments, with their own coke inventory remaining at relatively low levels. Demand side, current steel mill profits were moderate, and steel mills maintained high production enthusiasm. Some steel mills with lower coke inventory urged deliveries, but most steel mills' coke inventory had returned to reasonable levels, with purchasing as needed being the dominant approach. In summary, the coke supply-demand structure maintained a tight balance, and the coke market may hold up well with a generally stable with slight rise trend next week.

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,620 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,630 yuan/mt.

Coking coal side, a few mines had production restricted due to safety inspections, but most mines maintained stable production. Transactions of high-priced coal grades remained sluggish, with some grades seeing failed auctions, suppressing upward momentum. Going forward, mine-end quotations are expected to remain largely stable, and the coking coal market may trade range-bound next week.

Coke market:

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

Supply side, coke producers operated actively, coke supply edged up, shipments were smooth, and their own coke inventory remained at relatively low levels. Demand side, steel mill profits were moderate, steel mills maintained high production enthusiasm. Some steel mills with low coke inventory urged deliveries, but most steel mills' coke inventory had returned to reasonable levels, with purchasing as needed being the dominant approach. In summary, the coke supply-demand structure maintained a tight balance, and the coke market may hold up well with a generally stable with slight rise trend 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

5 hours ago

[SMM Hot Topic] Rebar Base Price "Exists in Name Only," Pricing System Has Completely Changed

SMM has been deeply engaged in the metal industry for decades, consistently upholding the principles of objectivity, neutrality, pragmatism, and rigor. By adhering to actual market transactions as the core pricing benchmark and leveraging its well-established price assessment methodology and comprehensive data system, SMM continues to deliver standardized market benchmarks for participants across the industry chain. This provides solid support for industry pricing standards, transaction settlements, and business decision-making, serving as a long-term partner in the steady development of the metal industry.

5 hours ago

6 hours ago

5.15 SMM Global Steel Daily Report

[Turkey] Recently, Turkish long steel giant Kardemir launched a new round of billet sales. By slightly lowering its list prices, the company rapidly attracted a large volume of domestic orders and subsequently closed the sale. The company offered S235JR grade billets at 530 USD/tonne (EXW), a decrease of 5 USD/tonne from the previous round, while B420 grade billets were priced at 540 USD/tonne (EXW), down by 10 USD/tonne.

6 hours ago

Ferrous Metals Maintain Fluctuating Trend in the Short Term [SMM Steel Industry Chain Weekly Report]

This week, ferrous metals rose and then pulled back, moving sideways overall, with coking coal and coke experiencing a more notable pullback. In the first half of the week, market rumors suggested that a thermal coal supply assurance meeting would be held on Friday, which, combined with the sharp pullback on the raw material side driven by industrial capital fleeing, led to an overall pullback in ferrous metals. In the second half of the week, Trump's visit to China and trade negotiations proceeded simultaneously, but futures had already priced this in earlier, with no significant fluctuations. When the five major steel product data were released, supply showed some divergence, demand generally increased, and inventory destocking was strong. Spot market side, spot prices were held relatively firm, market transactions were mostly at low prices, and when the spot-futures price spread widened, basis traders were seen making shipments...

6 hours ago