[SMM Coking Coal and Coke Daily Briefing] 20260615

[SMM Coking Coal and Coke Daily Briefing]
Coking Coal Market:
The quotation for Linfen low-sulphur coking coal stands at 1,980 yuan/mt.
For coking coal, with strict enforcement of safety inspections, most mines cut production, and production resumptions at restarted mines fell short of expectations. Coupled with sustained downstream demand, mine sales were robust, with pre-sale orders surging notably and market sentiment turning strongly bullish. However, downstream buyers grew cautious about purchasing coal types that had risen too sharply, exhibiting a fear of heights, adding considerable upward resistance to coking coal prices.
Coke Market:
The nationwide average price for quasi-first-grade metallurgical coke (coke dry quenching) stands at 1,980 yuan/mt.
In terms of news, mainstream steel mills in Shandong and Hebei have accepted a 50 yuan/mt increase for wet-quenched coke and a 55 yuan/mt increase for dry-quenched coke, implemented at midnight on June 15, 2026 (the seventh round). Supply side, coking enterprises face significant cost pressure, leading to production cuts at some and an overall decline in supply; coke shipments remained smooth, keeping coke inventories at low levels. Demand side, daily average hot metal production at steel mills fluctuated at highs, resulting in large daily coke consumption; steel mills currently maintain strong demand for coke and are actively purchasing. In summary, with coke inventories generally remaining low and the coke supply-demand structure still tight, following the implementation of the seventh round of coke price increases, the short-term coke market is expected to continue strengthening. [SMM Steel]