Sinopec News: Strong support from coking coal costs, the fourth round of price increases quickly implemented

Since May 23, the safety inspections of coal mines in the main producing areas have been intensified, leading to a contraction in coal supply, and market bullish sentiment has warmed, with the price of coking coal core components rising about 100 yuan/ton.
The rapid increase in coal prices has significantly raised the production costs of coke, and boosted steel mills to quickly accept the fourth round of coke price hikes.
According to Zhuochuang Information, the mainstream steel mills in Tangshan have raised the price of wet quench coke by 50 yuan/ton and dry quench coke by 55 yuan/ton, effective from midnight on May 26, 2026.
Due to the tightening of coal supply, the later market for coking coal and coke still has support. (Zhuochuang Information)
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