[SMM Coking Coal and Coke Daily Brief] 20260515

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,620 yuan/mt. Tangshan low-sulphur coking coal was quoted at 1,630 yuan/mt.

Coking coal side, a few mines had production restricted due to safety inspections, but most mines maintained stable production. Transactions of high-priced coal grades remained sluggish, with some grades seeing failed auctions, suppressing upward momentum. Going forward, mine-end quotations are expected to remain largely stable, and the coking coal market may trade range-bound next week.

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.

Supply side, coke producers operated actively, coke supply edged up, shipments were smooth, and their own coke inventory remained at relatively low levels. Demand side, steel mill profits were moderate, steel mills maintained high production enthusiasm. Some steel mills with low coke inventory urged deliveries, but most steel mills' coke inventory had returned to reasonable levels, with purchasing as needed being the dominant approach. In summary, the coke supply-demand structure maintained a tight balance, and the coke market may hold up well with a generally stable with slight rise trend next week. [SMM Steel]