[SMM Coking Coal and Coke Daily Brief] 20260604

[SMM Coking Coal & Coke Daily Brief]

Coking coal market:

Linfen low-sulphur coking coal was quoted at 1,800 yuan/mt.

Coking coal side, the June safety month combined with coal mine accidents in Shanxi made it difficult for mine production to be released. Most coal grades saw notable price increases in online auctions, and the coking coal market may continue to hold up well in the short term.

Coke market:

The nationwide average price of quasi-first-grade metallurgical coke (CDQ) was 1,870 yuan/mt.

News side, market rumors suggested that coke would initiate a sixth round of price increases, with wet-quenched coke rising by 50 yuan/mt and dry-quenched coke rising by 55 yuan/mt, effective from 00:00 on June 8, 2026. In terms of supply, coking coal supply remained persistently tight, and some coke producers were forced to reduce production. Meanwhile, coke producers saw smooth shipments, with in-plant coke inventory mostly at low levels. Demand side, hot metal production of steel mill blast furnaces remained at high levels, sustaining strong rigid demand for coke. In summary, the tight supply-demand dynamics for coke were unlikely to change, and the coke market may continue to hold up well in the short term. [SMM Steel]