[SMM Coking Coal and Coke Daily Brief] 20260610

[SMM Daily Coking Coal & Coke Commentary]

Coking Coal Market:

Linfen low-sulphur coking coal was quoted at 1,980 yuan/mt.

For coking coal, due to safety and overproduction inspections, mine supply contracted and tightened in some areas. Coke prices rose, leading downstream buyers and traders to restock intensively. Miners maintained smooth shipments, low inventories, and a strong inclination to hold prices firm.

Coke Market:

The nationwide average price of quasi-first-grade metallurgical coke (dry quenched) was 1,925 yuan/mt.

On the news front, mainstream steel mills accepted the sixth round of coke price increases, with an increase of 50 yuan/mt for wet quenching and 55 yuan/mt for dry quenching, effective from 00:00 on June 10, 2026. Supply side, coking coal prices generally stayed high, with the pace of increase slowing in some areas. Coke enterprises' raw material costs remained elevated, limiting capacity release. Tight procurement of high-quality coal sources further constrained production. Currently, coke shipments were smooth and enterprise inventories were generally low. Demand side, hot metal production of steel mill blast furnaces stayed high, while their coke inventories kept declining. Robust rigid demand supported strong restocking enthusiasm. Overall, market news indicated that coke enterprises would issue a notice for a seventh round of price increases this Friday, and the coke market would continue to strengthen in the short term. [SMM Steel]