Daily Market Brief -25/07/24
Time:2025-07-24 10:18:21 Source:CCTD
Edited and Updated by Ethan Ma
July 24, 2025
In Yulin, hauling enthusiasm among users remains moderate. Shipments from some coal mines continue to slow, though a number of mines are expected to gradually halt production at the end of the month. Coupled with relatively stable bidding results from major state-owned mines, there is limited willingness in the market to adjust prices, and overall operations remain steady.
In Ordos, prices are showing a stable upward trend, supported by good rail shipments for long-term contract coal, along with rigid restocking demand from non-power users. Most coal mines are maintaining steady deliveries, with low-calorific-value slack coal in strong demand.
In northern Shanxi, rain has disrupted coal production and transportation efficiency, but prices remain stable to slightly firm, supported by continued price gains in the port market.
At the ports:
Although additional market demand remains insufficient, seasonal rigid procurement provides some support. Moreover, stricter inspections at production volume and expectations of further rainfall are keeping costs for delivering coal to ports elevated. As a result, most sellers remain optimistic about the current market and maintain a firm pricing stance.
For imported coal:
Recent heavy rainfall brought by typhoons in parts of southern China has reduced coal consumption demand. Terminal demand in India is also limited due to the monsoon season. Furthermore, rising seaborne freight rates have pushed up the delivered cost of imported coal, prompting end-users to adopt a more cautious procurement strategy. Despite sluggish demand, most miners are holding firm on current offer levels, leading to weak market activity.
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