[SMM Coking Coal and Coke Daily Brief] 20260623

[SMM Daily Review on Coking Coal and Coke]

Coking Coal Market:

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

Coking coal side, individual mines in the Changzhi area of Shanxi have passed acceptance checks and started to resume production. Currently, safety supervision remains at a high level, so the overall release of coking coal production is still constrained. At present, coal mines are selling smoothly, their own coking coal inventories remain low, and they hold prices firm while holding back from selling. However, downstream buyers are increasingly resistant to high-priced coal types, and the number of unsold lots in online auctions for some high-priced coal types is on the rise.

Coke Market:

The nationwide average price of dry-quenched quasi-first-grade metallurgical coke is 2,035 yuan/mt.

In terms of news, market rumors suggest that the ninth round of coke price increases is about to be proposed, requiring implementation on June 27 or 29. Supply side, after the eighth round of coke price increases took effect, coke companies’ losses narrowed somewhat, but the cost of coal for charging remains high, and most coke companies are not profitable, curbing their production. Demand side, steel mills’ hot metal output has been running at high levels, creating rigid demand for coke, and their procurement remains active. In summary, coke fundamentals remain tight, and cost support is expected to increase further. In the short term, the coke market is likely to hold up well, and the ninth round of coke price increases may take effect. [SMM Steel]