[SMM Coking Coal and Coke Daily Briefing] 20260605

[SMM Coke & Coking Coal Daily Market Brief]

Coking Coal Market:

Lin Fen low-sulphur coking coal quoted at 1,800 yuan/mt.

On the coking coal side, coinciding with the June Safety Production Month and a coal mine safety accident in Shanxi, regional safety supervision tightened and ore capacity release was hindered. Online auction resources across various categories were tight, driving a broad-based sharp rise in ore prices. The near-term coking coal market may continue to hold up well.

Coke Market:

The nationwide average price for quasi-first-grade metallurgical coke - dry stands at 1,870 yuan/mt.

In terms of news, major coking enterprises initiated the sixth round of coke price increases, with a 50 yuan/mt increase for wet quenching and a 55 yuan/mt increase for dry quenching, effective from midnight on June 8, 2026. On the supply side, coking ore resources continued to tighten, forcing some coking plants to implement production restrictions. Enterprise production and sales remained smooth, and coke inventories at plants were generally low. On the demand side, blast furnace operating rates at steel mills stayed high, with hot metal output unabated, providing solid support for coke demand. In summary, the tight supply-demand balance for coke is difficult to change, and the coke market may continue to hold up well next week. [SMM Steel]