[SMM Coking Coal and Coke Daily Brief] 20260609

Published: Jun 9, 2026 17:13

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[SMM Daily Briefing on Coking Coal and Coke] Supply side, the tight supply pattern of coking coal has not improved, coke producers' production costs have been rigidly pushed up, some producers, under profit pressure, are forced to cut production, and coke supply remains tight. Demand side, steel mills are currently in a low-profit state but their production remains at a relatively high level, with high hot metal output showing resilience in rigid demand for coke. In summary, the coke supply-demand structure has further tightened, and the coke market is expected to remain firm in the short term.

[SMM Daily Brief on Coking Coal and Coke]

Coking Coal Market:

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

In the coking coal sector, recent frequent mine accidents and the overall tightening of June safety inspections have led to reduced coking coal production and rising prices. Most mines generally maintain low inventory and high pre-sales, keeping market supply tight. Downstream and intermediary traders show strong purchase willingness, with demand steadily recovering and online auction prices continuing to rise, suggesting the short-term coking coal market may remain strong.

Coke Market:

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

Supply side, the tight supply of coking coal raw materials remains unchanged, driving a rigid increase in coke producers' costs, with some forced to cut production under margin pressure, maintaining a trend of tightening coke supply. Demand side, steel mills are currently in a low-margin state but continue to operate at relatively high levels, with sustained high hot metal output providing resilient demand for coke. Overall, the coke supply-demand structure is tightening further, and the short-term coke market will likely stay firm. [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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