[SMM Coking Coal and Coke Daily Brief] 20260416

[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 1,550 yuan/mt.

Coking coal side, most coal grades maintained stable quotes currently. Buyers still made just-in-time procurement for some premium resources, and coal mine shipments were moderate. In addition, coal mine coking coal inventory remained at low levels, so coking coal prices had no risk of sharp decline in the short term and were likely to remain stable for now.

Coke market:

The nationwide average prices were: first-grade metallurgical coke-dry quenching at 1,790 yuan/mt, quasi-first-grade metallurgical coke-dry quenching at 1,650 yuan/mt, first-grade metallurgical coke-wet quenching at 1,440 yuan/mt, and quasi-first-grade metallurgical coke-wet quenching at 1,350 yuan/mt.

In terms of supply, coke producers saw moderate shipments, coke inventory remained at low levels, and most coke producers maintained normal production levels, keeping coke supply relatively stable. Demand side, downstream steel mills maintained good operating rates, daily average hot metal production increased, and some steel mills with low inventory showed relatively strong willingness to restock coke. Overall, the coke supply-demand pattern was basically balanced, but cost declines were limited. The second round of coke price increase was still expected to materialize, and the coke market was likely to hold up well and be generally stable with slight rise in the short term. [SMM Steel]