Daily Market Brief -25/07/04
Time:2025-07-04 18:04:58 Source:
Edited and Updated by Ethan Ma
July 4, 2025
In the Yulin region, market performance showed slight divergence. Ongoing rainfall continued to dampen demand. In the Shenfu area, inventory pressure at some mines increased, leading to slight price reductions. However, in the Yuyang area, stronger non-power demand pushed some mine prices up by around 10 yuan/ton.
In Ordos, prices remained weakly stable. Although shipment pace at the mine mouth have slowed compared to previous periods, coal output growth has also fallen short of expectations. As a result, most prices have remained stable, but more mines have started offering slight discounts to boost sales.
In northern Shanxi, prices held steady. Auction activity at mine mouths was acceptable, but many mines continued to face shipment pressure. Additionally, as the price momentum at ports came to a halt, coal producers remained cautious with price adjustments.
Ports:
There was no significant increase in available coal supply at the ports. Cost-side support remained relatively firm, but current demand release was limited, and transaction prices failed to break upward effectively. Furthermore, due to a combination of rainfall and high temperatures, the risk of coal self-ignition increased significantly. Under these mixed signals, market bullish sentiment gradually cooled.
Imported Coal:
This week, power plants have issued new tenders for imported coal, resulting in a more active import market compared to last week. Indonesian miners maintained firm offers, as their operating costs are near production cost levels. On the supply side, the recent collapse of a bridge in South Sumatra, Indonesia, has had limited impact on overall Indonesian coal exports. Current market conditions do not support a significant price increase.
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