[SMM Coking Coal & Coke Daily Brief] 20260616

Published: Jun 16, 2026 17:14

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[SMM Coking Coal and Coke Daily Briefing] News side, market rumors suggest that the eighth round of coke price increase will be proposed on the 17th and is expected to be implemented on the 20th. Supply side, after the seventh round of coke price increases, most coke producers remain in a loss-making state, with coal input costs rising even more significantly, suppressing coke production, and some coke enterprises continuing production restrictions. Demand side, currently, hot metal production of steel mill blast furnaces is running at high levels, daily coke consumption is relatively high, and steel mills' procurement enthusiasm for coke is moderate.

[SMM Daily Brief on Coking Coal and Coke]

Coking coal market:

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

In terms of coking coal, safety inspections in Shanxi show no signs of easing. Mine production resumptions are slow, and production from resumed mines has generally dropped significantly, keeping overall supply at low levels. Currently, clean coal sales by mines are good, downstream coke and steel enterprises have strong demand for coking coal, and market sentiment is very bullish. However, downstream enterprises' profits are low, and transactions for some high-priced coal types are starting to weaken.

Coke market:

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

In terms of news, market rumors suggest the eighth round of coke price increases will be proposed on the 17th and is expected to be requested to take effect on the 20th. In terms of supply, after seven rounds of coke price increases, most coke enterprises remain loss-making. The even greater increase in feed coal costs is suppressing production, and some coke enterprises continue production restrictions. In terms of demand, currently, hot metal production of steel mill blast furnaces is running at high levels, daily coke consumption is high, and steel mills' procurement enthusiasm for coke is moderate. In summary, coke cost support remains strong, and the coke supply-demand structure continues to be tight. Coke prices still have upside room, and the coke market will continue to hold up well in the short term. [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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