[SMM Coking Coal and Coke Daily Brief] 20260413

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Low-sulphur coking coal was quoted at 1,510 yuan/mt in Linfen and 1,600 yuan/mt in Tangshan.

Coking coal side, most mines were operating normally with no significant inventory pressure for the time being. Recently, downstream buyers purchased as needed, and new order signing at mines was relatively limited. However, most mines had prior orders and showed a strong willingness to hold prices firm. In the short term, coking coal prices are likely to remain stable.

Coke market:

The nationwide average prices were as follows: first-grade metallurgical coke-dry quenching at 1,790 yuan/mt, quasi-first-grade metallurgical coke-dry quenching at 1,650 yuan/mt, first-grade metallurgical coke-wet quenching at 1,440 yuan/mt, and quasi-first-grade metallurgical coke-wet quenching at 1,350 yuan/mt.

In terms of supply, coke producers suffered relatively small losses with moderate production enthusiasm, and coke supply remained at high levels. Coupled with strong downstream demand, coke inventory at coke producers stayed at low levels. Demand side, daily average hot metal production at steel mills edged up, strengthening rigid demand for coke, and purchasing enthusiasm at most steel mills was moderate. Overall, coke fundamentals showed a tight balance, but cost support has expectations of weakening. In the short term, the coke market is likely to hold up well with a generally stable with slight rise trend. [SMM Steel]