Coking coal prices rose slightly, and coke market started the fifth round of price increase

Coking coal market:

Low-sulphur main coking coal in Linfen was quoted at 2,000 yuan/mt today, while those in Tangshan were quoted at 2,050 yuan/mt.

On the demand side, with the recovery of coke oven operating rates, the support for coking coal demand gradually strengthened, and coal types in many regions increased today. On the supply, coal mine production remained stable. Although coal mine accidents have been reported again recently, they have little impact on the supply. In the future, driven by the demand for increased production of coking enterprises and expectation of the fifth round of price increase for coke, the price of coking coal will continue to be stable and strong.

Coke market:

The national average price of first grade metallurgical coke - dry quenching coke is 2,450 yuan/ton. The national average price of quasi-first grade metallurgical coke - dry quenching is 2,310 yuan/ton. The national average price of first grade metallurgical coke - wet quenching coke is 2,040 yuan/ton. The quasi-first grade metallurgical coke - wet quenching coke is 1,958 yuan/ton.

Today, some coking companies initiated the fifth round of price increase for coke, and the increase is still 100-110 yuan/ton. On the demand side, steel mills' pig iron output is still recovering steadily, and the demand for replenishing coking coke sustained. On the supply, although the profit of coking enterprises increased significantly as the operating rate rose, the current coke inventory of coking enterprises are still relatively low. The fundamentals of coke continued to maintain a weak supply and demand pattern, and on the cost side, the prices of some coal types increased, and the cost support has become stronger. It is expected that the price of coke will continue to go up.