[SMM Coking Coal and Coke Daily Brief] 20260601

[SMM Coking Coal & Coke Daily Brief]
Coking coal market:
The quoted price of low-sulphur coking coal in Linfen was 1,700 yuan/mt.
Coking coal side, safety inspections remained stringent, with capacity release at most mines restricted. The tight coking coal supply pattern persisted, and the supply-demand imbalance was unlikely to ease in the short term. Mines maintained an optimistic sentiment. Coupled with the impact of the fifth round of coke price increase news, prices of premium coal grades continued to be raised. The coking coal market is expected to hold up well in the near term.
Coke market:
The nationwide average price of quasi-first-grade metallurgical coke (coke dry quenching) was 1,815 yuan/mt.
News side, market rumors suggested that some steel mills would raise wet-quenched coke prices by 50 yuan/mt and coke dry quenching prices by 55 yuan/mt, effective from 00:00 on June 3, 2026. In terms of supply, affected by rising production costs and tightening safety supervision, coke producers' production enthusiasm was constrained, with some experiencing involuntary production restrictions. Additionally, with smooth shipments, coke inventory at coke producers generally remained at low levels. Demand side, steel mill profitability was moderate, overall hot metal production fluctuated at highs, and rigid demand for coke was solid. Some steel mills with low inventory were still actively restocking. Overall, the coke supply-demand pattern remained tight. The coke market is expected to hold up well in the near term, with strong expectations for the fifth round of coke price increase to materialize. [SMM Steel]