[SMM Coking Coal and Coke Daily Brief Review] 20260624

[SMM Daily Briefing on Coking Coal and Coke]

Coking Coal Market:

The quotation for low-sulphur coking coal in Linfen is 2,040 yuan/mt.

For coking coal, the pace of production resumptions at Shanxi mines has been slow, and the safety supervision situation remains severe. The recovery of coking coal supply is sluggish, with resumption timelines at some mines proving difficult to determine. A supply-demand imbalance persists, but the rapid price increases for certain coal types have added to market wait-and-see sentiment. Short-term coking coal prices are likely to be generally stable with a slight rise.

Coke Market:

The nationwide average price for quasi-first-grade metallurgical coke (dry quenching) is 2,035 yuan/mt.

In terms of news, leading coke enterprises have initiated a ninth round of price increases for coke, raising prices by 50 yuan/mt for wet-quenched coke and 55 yuan/mt for dry-quenched coke, effective from midnight on June 26. Supply side, the majority of coke producers are still operating at a loss. Their production willingness is suppressed, and coke supply is tightening. Demand side, steel prices are fluctuating downward, narrowing profit margins for steel mills. However, high hot metal output at blast furnaces means daily coke consumption remains elevated, and purchasing enthusiasm for coke is moderate. In summary, the short-term coke market is likely to hold up well, and the ninth round of coke price increases is expected to be implemented. [SMM Steel]