[SMM Coking Coal and Coke Daily Brief] 20260427

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,530 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,580 yuan/mt.

Coking coal side, affected by safety inspections, coal mine coking coal production saw limited increase. With the Labour Day holiday approaching, downstream buyers restocked appropriately, market activity increased, and coal mine coking coal inventory continued to decline. In the short term, the coking coal market is expected to stabilize and rebound.

Coke market:

The nationwide average price of first-grade metallurgical coke (dry quenching) was 1,845 yuan/mt, quasi-first-grade metallurgical coke (dry quenching) 1,705 yuan/mt, first-grade metallurgical coke (wet quenching) 1,490 yuan/mt, and quasi-first-grade metallurgical coke (wet quenching) 1,400 yuan/mt.

In terms of supply, coke producers' profits have recovered, production enthusiasm remained high, coke production edged up steadily, and shipments were smooth, with coke inventory generally staying at low levels. Demand side, steel mill hot metal production remained high, sustaining rigid demand for coke, and some steel mills accelerated their restocking pace ahead of the Labour Day holiday. Overall, the coke market's supply and demand presented a tight balance, the coke market is expected to hold up well and remain generally stable with slight rise in the short term, and the third round of coke price increase is expected to be implemented. [SMM Steel]