[SMM Coking Coal and Coke Daily Brief] 20260409

[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 1,600 yuan/mt.

Coking coal side, most coal mines maintained stable production with normal output, though a few mines suspended or reduced production. After earlier restocking, downstream coking coal inventory levels improved, wait-and-see sentiment toward high-priced resources increased, and market sentiment pulled back somewhat. In the short term, coking coal prices may be in the doldrums.

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.

News side, individual coke producers in Inner Mongolia initiated a coke price increase of 50-55 yuan/mt, effective from 00:00 on April 13. In terms of supply, most coke producers currently had relatively small losses, operating rates remained stable, shipments were good, and in-plant coke inventory continued to decline. Demand side, steel mill operating rates stayed high and stable, hot metal production fluctuated at highs, daily coke consumption increased, and affected by maintenance on some railway sections, coke arrivals were disrupted, leading to a slight decline in coke inventory at some steel mills. In summary, some coke producers still held bullish expectations for the market outlook, and the coke market may hold up well in the short term. [SMM Steel]