[SMM Coking Coal and Coke Daily Brief] 20260529

Published: May 29, 2026 16:40

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[SMM Coking Coal and Coke Daily Brief] Supply side, coking enterprises saw increased costs, and with strong sales performance and low inventory levels at some coking enterprises, coke fundamentals remained tight. Demand side, steel mill production enthusiasm was moderate, and some steel mills had low coke inventory levels, sustaining rigid demand for coke. However, the off-season impact on the end-user finished steel market intensified, steel prices performed weakly, and steel mills showed limited acceptance of further coke price increases. In summary, the coke market is expected to continue to hold up well next week.

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

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

Coking coal side, some mines in major producing areas of Shanxi recently resumed production gradually, but safety inspections remained strict, actual production was relatively small, the tight supply of coking coal saw limited relief, and downstream rigid purchase demand remained strong. Coking coal prices may continue to hold up well next week.

Coke market:

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

In terms of supply, coke producers saw increased costs, and with good sales performance and low inventory levels at some coke producers, coke fundamentals remained tight. Demand side, steel mill operating enthusiasm was moderate, and some steel mills had low coke inventory levels, maintaining rigid demand for coke. However, the off-season impact on the end-user finished steel market intensified, steel prices performed weakly, and steel mills showed limited acceptance of further coke price increases. Overall, the coke market may continue to hold up well 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.

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