Daily Market Brief -25/07/24
Time:2025-07-25 11:04:52 Source:CCTD
Edited and Updated by Ethan MaJuly 25, 2025
At the production regions:
In Yulin, prices have generally increased. The impact of overproduction inspections continues to intensify, and coupled with factors such as rainfall, maintenance, and the fulfillment of monthly production plans, there are signs of sustained supply contraction. As a result, market sentiment has improved again, and price increases by coal mines have become more evident.
In Ordos, the market remains generally strong. Demand has been relatively stable recently, and coal shipments from mines remain smooth. However, due to today's rainfall, market activity was dampened, leading to limited price adjustments.
In northern Shanxi, the market is also running on the stronger side. Since the start of the week, both short- and long-distance buyers have shown increasing interest, pithead inventories have continued to decline, and coal prices have been on an upward trend.
At the ports,
Rising trading costs—driven by increased pithead prices at production regions—have squeezed trader margins. Combined with disruptions from rainy weather, the volume of spot cargo arriving at ports has remained low, which has supported bullish sentiment among sellers and led to moderate increases in offer prices. However, downstream buyers show low price acceptance, resulting in scattered vessel loading and limited actual transactions.
For imported coal, rising seaborne freight rates have led to increased procurement costs for thermal coal imports. This has squeezed profit margins for traders and slightly reduced their bidding enthusiasm. Given that current inventories are still relatively sufficient, terminal users have limited acceptance of high prices, resulting in relatively few actual transactions in the market.
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