[SMM Daily Coking Coal and Coke Review]
Coking Coal Market:
Low-sulphur coking coal in Linfen was offered at 1,500 yuan/mt. Low-sulphur coking coal in Tangshan was offered at 1,480 yuan/mt.
Raw material fundamentals, mines maintained normal production, supply was released in an orderly manner, downstream purchases of cost-effective coal grades increased, but futures pulled back, market sentiment cooled somewhat. Short-term coking coal prices may remain stable.
Coke Market:
The nationwide average price for first-grade metallurgical coke - dry quenching was 1,735 yuan/mt. The nationwide average price for quasi-first-grade metallurgical coke - dry quenching was 1,595 yuan/mt. The nationwide average price for first-grade metallurgical coke - wet quenching was 1,390 yuan/mt. The nationwide average price for quasi-first-grade metallurgical coke - wet quenching was 1,300 yuan/mt.
Supply side, recent coking coal prices stopped falling, cost support for coke strengthened, market sentiment gradually improved, some downstream buyers actively purchased, coke enterprises reported smooth shipments, production enthusiasm increased. Demand side, some steel mills recently resumed production of blast furnaces, hot metal production increased, daily coke consumption rose, actual procurement volume kept increasing. Overall, with improving fundamentals, the short-term coke market may operate generally stable with a slight rise.[SMM Steel]
