Daily Market Brief -25/07/21

Edited and Updated by Ethan Ma
July 22, 2025

Production Areas:
Since the weekend, many coal mines in the Yulin region have raised prices by around RMB 10/ton. However, following the increase, a noticeable drop in truck dispatches has led some mines to slightly lower prices again.

In Ordos, both supply and demand continued to rise. Amid peak summer electricity demand, coal shipments for power generation remained strong, pushing prices upward.

In northern Shanxi, prices saw steady to moderate increases. Recent mine auctions performed well, pithead sales accelerated, and inventories declined slightly, supporting gradual price hikes.

Ports:
Recently, price increases at production sites have outpaced those at ports, driving up transportation costs and limiting spot coal arrivals. While term contracts have ensured a steady release of end-user demand, the market remains focused on demand-driven transactions, and prices continue to rise moderately.

Imported Coal:
At the start of the week, the imported coal market remained stable. With domestic power plants holding relatively high stock levels, there was little urgency to buy, and many adopted a price-suppression stance. Meanwhile, foreign suppliers maintained firm offers, leading to a wide bid-ask gap and limited actual transactions.