[SMM Coking Coal and Coke Daily Brief Review]20260622

[SMM Coking Coal and Coke Daily Brief]

Coking Coal Market:

Linfen low-sulphur coking coal was quoted at 2,040 yuan/mt.

Coking coal side, coal mine production resumptions have been slow, and overall coking coal supply remains tight. Downstream coke and steel enterprises have maintained moderate purchase enthusiasm for coking coal, but coking coal resources at some coal mines remain tight. Market sentiment for coking coal is positive, and coking coal prices still have upside room. However, fear of high prices has emerged in the market, and the possibility of continued sharp increases for some high-priced coal types is relatively small.

Coke Market:

The nationwide average price of quasi-first-grade metallurgical coke (dry quenching) was 1,980 yuan/mt.

In terms of news, mainstream steel mills in Hebei and Shandong have accepted the eighth round of coke price increases, with wet quenching coke up by 50 yuan/mt and dry quenching coke up by 55 yuan/mt, to be implemented on June 22. In terms of supply, the cost of coal charged into coke ovens for coke enterprises has been rising continuously, and their losses have widened. At the same time, due to the scarcity of some coal types, some coke enterprises have been forced to cut production, leading to a contraction in coke output. On the demand side, steel mills' hot metal output remains high, daily coke consumption is strong, and their own coke inventory has dropped somewhat. Against the backdrop of tight coke supply, steel mills' demand for coke procurement remains good. Overall, the coke market is likely to continue to hold up well in the short term. [SMM Steel]