[SMM Coking Coal and Coke Daily Brief] 20260629

Published: Jun 29, 2026 17:19

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[SMM Coke and Coking Coal Daily Review] On the news front, some steel mills in certain regions have accepted a price increase of 50 yuan/mt for wet-quenched coke and 55 yuan/mt for dry-quenched coke, to be implemented from 0:00 on July 1, 2026. In terms of supply, some coke producers are still making losses, and the raw material coking coal remains tight. Coke producers have limited willingness to raise production, and coke supply remains stable. Additionally, most coke producers sell their output as it is produced, and some operate with zero inventory. On the demand side, hot metal production of steel mill blast furnaces remains high, providing firm support for coke demand. Overall, high hot metal production supports demand and costs provide firm support. The coke market is likely to hold up well in the short term, and the ninth round of coke price hikes is expected to be implemented soon.

[SMM Coking Coal & Coke Daily Commentary]

Coking Coal Market:

Linfen low-sulphur coking coal is quoted at 2,050 yuan/mt.

Coking coal side, coal mine production remains restricted and there is temporarily no inventory pressure. Additionally, rumors of a coal mine accident in a certain region have stimulated market sentiment. In the short term, the coking coal market may hold up well.

Coke Market:

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

On the news front, some steel mills have accepted a 50 yuan/mt increase for wet-quenched coke and a 55 yuan/mt increase for dry-quenched coke, to be implemented at 0:00 on July 1, 2026. Supply side, some coke producers are still making losses, and raw material coking coal remains relatively tight, so their willingness to raise production is low, and coke supply is relatively stable. In addition, most coke producers sell as they produce, and some are operating with zero inventory. Demand side, hot metal production at steel mill blast furnaces currently stays at high levels, providing firm support for coke rigid demand. In summary, high hot metal production supports rigid demand, along with firm cost support. In the short term, the coke market may hold up well, and the ninth round of coke price hike is expected to be implemented. [SMM Steel]

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