[SMM Coking Coal and Coke Daily Brief] 20260509

[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 saw production rebound, and overall coking coal supply remained loose. After the holiday, downstream buyers had certain purchase demand, and finished product prices rose notably, boosting market sentiment and providing some support for coking coal. Some coal grades slightly raised their quotes, and coking coal prices are expected to be generally stable with slight rise 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.

News side, some steel mills have accepted the third round of coke price increase, with a rise of 50-55 yuan/mt, expected to take effect from 00:00 on May 11. In terms of supply, current coke enterprise profits narrowed but remained above the break-even level, production enthusiasm was moderate, supply was stable with slight increase, coke enterprises saw smooth shipments, and their own coke inventory stayed at a relatively low level. Demand side, finished product prices rose recently, steel mill profits increased, daily average hot metal output remained at a relatively high level, and procurement demand for coke persisted. In summary, the third round of coke price increase is still in a negotiation phase, and the coke market is expected to be generally stable with slight rise in the short term. [SMM Steel]