[SMM Coking Coal and Coke Daily Briefing] 20260702

[SMM Coke and Coking Coal Daily Briefing]

Coking Coal Market:

Low-sulphur coking coal in Linfen offers at 2,050 yuan/mt.

In coking coal, some mines in Shanxi are still under safety supervision, limiting the release of coking coal production. However, steel prices have weakened, downstream sentiment is cautious, mostly purchasing as needed, some high-priced coal varieties saw weak transactions, the overall failure rate of online auctions gradually increased, and market participants' wait-and-see sentiment has noticeably increased.

Coke Market:

The nationwide average price of quasi-first-grade metallurgical coke dry quenching is 2,090 yuan/mt.

In terms of news, market rumors that coke prices will undergo the 10th round of increase, effective from 00:00 on July 6, 2026. Supply side, coke producers' profits have recovered, some producers significantly increased production enthusiasm, and coke supply has increased somewhat. Demand side, steel prices have continued to pull back, steel mills' profitability is poor, while the off-season impact is intensifying, some steel mills already have production cut maintenance plans, cautious about coke procurement. In summary, market sentiment has cooled somewhat, and the short-term coke market is likely to run generally stable with a slight rise. [SMM Steel]