[SMM Daily Coking Coal and Coke Brief]
Coking Coal Market:
Low-sulphur coking coal in Linfen was offered at 1,650 yuan/mt. Low-sulphur coking coal in Tangshan was offered at 1,450 yuan/mt.
Raw material fundamentals, some private mines were already on holiday, while state-owned mines ensured safe production, and coking coal supply tightened. Downstream restocking was basically completed, new orders at mines decreased, market sentiment cooled, and mine offers remained generally stable for the time being.
Coke Market:
The nationwide average price for first-grade metallurgical coke - dry quenching was 1,790 yuan/mt. The nationwide average price for quasi-first-grade metallurgical coke - dry quenching was 1,650 yuan/mt. The nationwide average price for first-grade metallurgical coke - wet quenching was 1,440 yuan/mt. The nationwide average price for quasi-first-grade metallurgical coke - wet quenching was 1,350 yuan/mt.
Supply side, coke enterprises maintained stable overall production, focusing on active shipments, but market wait-and-see sentiment was strong, and the shipment pace of some coke enterprises slowed down. Demand side, end-use demand for finished steel performed poorly, blast furnace maintenance at steel mills increased, and coupled with coke inventory at steel mills already at reasonable levels after restocking, steel mills currently purchased as needed. In summary, the coke market was generally stable with a slight fall this week.[SMM Steel]
