[SMM Coking Coal and Coke Daily Brief] 20260609

Published: Jun 9, 2026 17:13

Save

[SMM Daily Briefing on Coking Coal and Coke] Supply side, the tight supply pattern of coking coal has not improved, coke producers' production costs have been rigidly pushed up, some producers, under profit pressure, are forced to cut production, and coke supply remains tight. Demand side, steel mills are currently in a low-profit state but their production remains at a relatively high level, with high hot metal output showing resilience in rigid demand for coke. In summary, the coke supply-demand structure has further tightened, and the coke market is expected to remain firm in the short term.

[SMM Daily Brief on Coking Coal and Coke]

Coking Coal Market:

Linfen low-sulphur coking coal is quoted at 1,980 yuan/mt.

In the coking coal sector, recent frequent mine accidents and the overall tightening of June safety inspections have led to reduced coking coal production and rising prices. Most mines generally maintain low inventory and high pre-sales, keeping market supply tight. Downstream and intermediary traders show strong purchase willingness, with demand steadily recovering and online auction prices continuing to rise, suggesting the short-term coking coal market may remain strong.

Coke Market:

The nationwide average price for quasi-first-grade dry-quenched metallurgical coke is 1,870 yuan/mt.

Supply side, the tight supply of coking coal raw materials remains unchanged, driving a rigid increase in coke producers' costs, with some forced to cut production under margin pressure, maintaining a trend of tightening coke supply. Demand side, steel mills are currently in a low-margin state but continue to operate at relatively high levels, with sustained high hot metal output providing resilient demand for coke. Overall, the coke supply-demand structure is tightening further, and the short-term coke market will likely stay firm. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

6.00 SMM Global Steel Daily Report

[Turkey] Dragged down by market weakness, Turkish domestic rebar prices edged down by 1 USD/tonne to 591.5 USD/tonne EXW. As the depreciation of the lira continues to push up local currency costs, domestic traders have largely adopted promotional pricing strategies, offloading inventories at levels below mill dollar offers. Although mills attempted to hold prices firm last week, they were forced to compromise amid sluggish demand: some mills in the Marmara region lowered their offers by 5 USD/tonne to 605-610 USD/tonne EXW, while offers from Izmir mills also dropped to 585-590 USD/tonne EXW. On the macroeconomic front, rising costs stemming from geopolitical conflicts and a high-interest-rate environment continue to suppress downstream demand, with the market generally expecting limited room for a summer construction rebound. Export activity remains equally subdued, with EU buyers showing insufficient interest in purchasing Turkish material.

1 hour ago

[SMM HRC Daily Trading Volume] Spot HRC trading improved slightly

[SMM HRC Daily Trading Volume] On June 9, the total daily trading volume of hot-rolled coil among sample enterprises in four SMM cities (Shanghai, Lecong, Tianjin, Ningbo) was 13,000 mt, up 420 mt, or 3.1%, DoD, down 7.60% calendar YoY, and up 30.92% lunar YoY.

1 hour ago

[SMM Sheets & Plates Daily Review] Near-Term Sheets & Plates May Fluctuate Weakly

Today, the most-traded HRC contract fluctuated downward and closed at 3,361 in late trading, down 0.59% from the previous session. A late-session rebound in coking coal futures from their limit-down lent some support to HRC futures. Spot sheets & plates fell by 10-20 yuan/mt. Supply side, this week’s impact from hot-rolling maintenance was 74,100 mt, down 156,400 mt WoW. Next week’s impact will be 23,100 mt, down 51,000 mt WoW. Supply pressure this month continued its uptrend. Demand side, futures rose in late trading, boosting transaction activity somewhat, but buying remained largely as needed. Cost side, coking coal futures plunged in both night and day sessions after the Shaanxi Provincial Development and Reform Commission proposed ensuring supply last night. However, the spot supply-demand balance for coking coal and coke stayed tight, suggesting they may not extend steep losses in the near term. In summary, HRC’s underlying contradictions have yet to fully emerge in the short term, but cost support has weakened somewhat. The market will likely continue fluctuating weakly in the near term.

1 hour ago