[SMM Coking Coal and Coke Daily Brief] 20260527

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

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

Coking coal side, strict inspections in Shanxi led to a phased decline in coking coal supply. Bullish sentiment in the spot market was at its peak. Downstream buyers had restocking demand, and some speculative demand also emerged. Mines clearly held prices firm and held back from selling. In the short term, the spot coking coal market may hold up well.

Coke market:

The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) was 1,815 yuan/mt.

In terms of supply, affected by the upgraded safety supervision of Shanxi coal mines, costs of some coking enterprises increased significantly, forcing them to cut production. Coke supply tightened, and as coking enterprises held back from selling, external coke supply tightened further. Demand side, hot metal production of steel mill blast furnaces still fluctuated at highs. Some steel mills with low inventory stepped up coke purchases, with restocking demand. In summary, market rumors suggested that some coking enterprises were preparing to initiate a fifth round of coke price increase. In the short term, the coke market may hold up well. [SMM Steel]