[SMM Coking Coal and Coke Daily Brief] 20260611

Published: Jun 11, 2026 16:56

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[SMM Coking Coal and Coke Daily Review] Supply side, as coking coal prices, the raw material, continue to rise, some coke producers are forced to implement production restrictions, affecting production levels. In addition, shipments at some coke producers were not smooth, leading to a slight increase in coke inventories at these producers. Demand side, hot metal production at steel mills overall remains at a high level, and combined with still-low coke inventories at some mills, there is rigid demand for coke. In summary, coke fundamentals remain tight, with strong cost support. In the short term, the coke market continues to hold up well, with expectations of a seventh round of price increases.

[SMM Coking Coal and Coke Daily Brief]

Coking Coal Market:

Low-sulphur coking coal in Linfen quoted at 1,980 yuan/mt.

For coking coal, most mines in Shanxi remain under production restrictions or shutdowns, coking coal supply is tight, concentrated downstream restocking drives the market to strengthen continuously, coking coal prices continue to rise, mines hold back from selling and hold prices firm, bullish market sentiment is strong, but currently coke producers are deep in the red, becoming cautious in purchasing high-priced coking coal, the pace of market uptrend is somewhat constrained, and the coking coal market is likely to remain stable in the short term.

Coke Market:

The nationwide average price of quasi-first-grade metallurgical coke – dry quenching is 1,925 yuan/mt.

Supply side, as coking coal prices continue to rise, some coke producers are forced to implement production restrictions, output is affected, and with delivery disruptions at some coke producers, coke inventory at coke producers has increased. Demand side, currently steel mills' overall hot metal output remains high, and coupled with some steel mills' coke inventory still at low levels, there is rigid demand for coke. In summary, coke fundamentals remain tight, with strong cost support, and the short-term coke market continues to hold up well, with expectations for a seventh price increase still present. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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