[SMM Coking Coal and Coke Daily Brief] 20260424

Published: Apr 24, 2026 17:10

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[SMM Coking Coal and Coke Daily Brief] In terms of supply, coke producers maintained moderate per-mt coke profits and moderate production enthusiasm. Additionally, with sufficient orders, shipments were relatively smooth, and their own coke inventory remained at low levels. Demand side, steel mill deliveries improved recently. Meanwhile, moderate finished product margins at steel mills stimulated production enthusiasm. With the Labour Day holiday approaching, some steel mills needed to stockpile in advance, generating certain restocking demand for coke.

[SMM Coking Coal and 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, most mines maintained normal supply. Downstream buyers showed increased willingness to purchase and restock, with prices of some coal grades rising. Market sentiment warmed up, and transaction prices of most coal grades in online auctions edged up, boosting market confidence. In the short term, the coking coal market is expected to hold up well.

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.

News side, major coke producers initiated the third round of coke price increase, expected to take effect at 00:00 on April 27. Supply side, coke producers maintained moderate per-mt coke profits and moderate production enthusiasm. Additionally, with sufficient orders, shipments were relatively smooth, and their own coke inventory remained at low levels. Demand side, steel mills' arrivals improved recently. Meanwhile, moderate finished product margins at steel mills stimulated production enthusiasm. With the Labour Day holiday approaching, some steel mills had early stockpiling needs and certain restocking demand for coke. Overall, the coke supply-demand pattern remained in a tight balance. In the short term, the coke market is expected to be generally stable with slight rise, and the third round of increase is expected to be implemented. [SMM Steel]

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