[SMM Coking Coal and Coke Daily Brief] 20260410

[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, some mines suspended or reduced production, leading to a slight decline in coking coal supply. However, after earlier restocking, downstream coking coal inventory levels improved, and a wait-and-see attitude toward high-priced resources increased. Market sentiment pulled back somewhat. In online auctions, most coal grades were transacted at lower prices, and after consecutive price cuts for some grades, transaction conditions improved. 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. The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) was 1,650 yuan/mt. The nationwide average price of first-grade metallurgical coke (wet quenching) was 1,440 yuan/mt. The nationwide average price of quasi-first-grade metallurgical coke (wet quenching) was 1,350 yuan/mt.

News side, leading coke producers initiated a price increase for coke by 50-55 yuan/mt, effective from 00:00 on April 13. In terms of supply, coke producers' losses were relatively small, and production enthusiasm was moderate. Current coke supply remained stable, and coupled with good shipments from coke producers, coke inventory continued to stay at low levels, with some coke producers holding back from selling. Demand side, steel mills maintained strong production enthusiasm, hot metal production increased again, and daily coke consumption rose. Additionally, affected by maintenance on some railway sections, coke arrivals were disrupted, and coke inventory at some steel mills declined slightly. In summary, some coke producers still had bullish expectations for the market outlook, and the coke market may hold up well in the short term. [SMM Steel]