Daily Market Brief -25/07/25

Edited and Updated by Ethan Ma
July 25, 2025

At the production regions:
Yulin region saw a stable-to-firm performance. Continuous rainfall disrupted the market, with some coal mines successively issuing notices of suspension of production and sales. This has led to expectations of further supply-side tightening, supporting a bullish sentiment in pricing.

In Ordos, trading activity declined, mainly due to rainy weather. However, as user inquiries and transport demand remained relatively strong, many mine operators still expect prices to increase.

In northern Shanxi, large mines maintained stable output, but persistent rainfall has affected production at small and medium-sized mines. Coupled with a continued decline in pithead inventory, this has provided upward momentum for market prices.

At the ports:
Downstream buyers mainly relied on long-term contract deliveries and only procured limited quantities of spot coal with high cost-performance ratios. Overall, demand-side influence on the market remained weak. However, due to the negative transportation margins, high daily coal consumption at power plants, and broad-based gains in commodity markets, sellers generally held onto inventory in anticipation of higher prices.

For imported coal:
Market activity remained relatively subdued this week. This was primarily because power plant inventories were generally sufficient, and rainfall led to reduced daily coal consumption in coastal regions. In addition, firm offers from sellers intensified buyer hesitation, resulting in more cautious procurement strategies.

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