[SMM Coking Coal and Coke Daily Brief] 20260414

Published: Apr 14, 2026 16:40

Save

[SMM Coking Coal and Coke Daily Brief] In terms of supply, coking costs declined somewhat, coke enterprise profits saw some recovery, production remained relatively stable, and downstream demand for coke was strong, with coke inventory at coke enterprises staying at low levels. Demand side, steel mill hot metal production increased slightly, demand for coke was strong, and some steel mills had relatively low coke inventory levels, with urgent procurement requests for coke. In summary, coke fundamentals were in a tight balance, the short-term coke market was expected to hold up well and remain generally stable with slight rise, and regarding the second round of coke price increase, coke and steel enterprises were still in a standoff.

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,510 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,550 yuan/mt.

Coking coal side, most mines maintained normal supply. Recently, downstream buyers restocked on an as-needed basis, with relatively few new orders signed by mines. The auction market saw sluggish transactions, and some mines showed weakening performance in sales and online bidding. However, downstream restocking continued with rigid demand, and the coking coal market is expected to remain temporarily stable in the short term.

Coke market:

The nationwide average price of first-grade metallurgical coke (dry quenching) was 1,790 yuan/mt, quasi-first-grade metallurgical coke (dry quenching) 1,650 yuan/mt, first-grade metallurgical coke (wet quenching) 1,440 yuan/mt, and quasi-first-grade metallurgical coke (wet quenching) 1,350 yuan/mt.

In terms of supply, coking costs declined somewhat, coke enterprise profits recovered to some extent, and production remained relatively stable. Downstream demand for coke was strong, and coke enterprises maintained low coke inventory levels. Demand side, steel mill hot metal production increased slightly, with strong demand for coke. Some steel mills had relatively low coke inventory levels, showing urgency in coke procurement. Overall, coke fundamentals remained in a tight balance, and the coke market is expected to be generally stable with slight rise in the short term. Regarding the second round of coke price increase, coke and steel enterprises remained in a standoff. [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

12 hours ago

[SMM Steel] AGSI launches new rebar mill in UAE, adds 600,000 mt capacity

[SMM Steel] Arabian Gulf Steel Industries has started a new rebar rolling mill (HRM 3) in UAE, adding 600,000 mt/year capacity and lifting total rolling capacity to 1.24 million mt. The mill is integrated with the meltshop, improving efficiency and supporting low-carbon production. In the short term, increased domestic supply is expected to enhance local availability and reduce reliance on imports, with limited exports depending on demand.

12 hours ago

[SMM Steel] Vietnam domestic demand offsets export weakness amid trade barriers

[SMM Steel] Vietnam steel consumption showed strong domestic growth in early 2026, with construction steel up 39% YoY and HRC surging 214% YoY, driven mainly by local demand . Meanwhile, exports declined, especially for coated steel (-45% YoY), due to increasing trade barriers in markets like the EU. In the short term, strong domestic demand is offsetting export weakness, supporting sales and prices, while coated steel segments remain under pressure.

12 hours ago

[SMM Steel] Marcegaglia to invest €1 billion in new French steel plant

[SMM Steel] Marcegaglia, in partnership with Danieli, plans to invest €1 billion in a new EAF-based steel plant in Fos-sur-Mer, France. The facility is designed to produce >2 million mt of steel and up to 3 million mt of HRC annually. In the short term, the project signals future supply expansion and a shift toward low-carbon steel, though no immediate market impact is expected before final approval.

12 hours ago