[SMM Coking Coal and Coke Daily Brief] 20260703

[SMM Coking Coal and Coke Daily Brief]

Coking Coal Market:

Linfen low-sulphur coking coal offers are at 2,050 yuan/mt.

For coking coal, recently the resumption of production at mines in Qinyuan County has been slow, and some mines have further cut production to varying degrees after resuming operations. Coking coal supply remains tight. However, downstream buyers are showing fear of high prices, with sales of some high-priced coal types turning sluggish. Online auctions have seen a marked increase in failed lots. In the short term, the coking coal market may start to stabilize.

Coke Market:

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

Regarding news, coke enterprises in various regions have initiated the tenth round of coke price increases, to be effective from 00:00 on July 6, 2026. In terms of supply, the ninth round of coke price increases have been implemented, leaving most coke producers profitable and with moderate production enthusiasm. However, downstream purchasing enthusiasm has weakened, and traders are actively selling, resulting in an increase in coke supply. On the demand side, finished steel prices at steel mills have been drifting lower, and steel mill profits have further narrowed, prompting mills to start cutting hot metal production. With hot metal production expected to decline further, rigid demand for coke is weakening. Overall, market sentiment has weakened. In the short term, the coke market may be generally stable with a slight rise, while the tenth round of price increases may face some bargaining. [SMM Steel]