🔔 China Market Update – Advisory Bazaar Info Services

⚒️ Coking Coal Market:

• Price of low-sulfur coking coal in Linfen: ¥1,180/ton

• Price of low-sulfur coking coal in Tangshan: ¥1,200/ton

🚧 Safety measures are being prioritized at coal mines, affecting production levels.

📉 Trading activity in the market is sluggish, with steel and coking companies making cautious purchases.

🏭 Coal sales remain weak, and prices in online auctions are declining.

📊 Further price drops in coking coal are expected.

🔥 Coke Market:

• Dry quenching first-grade coke (national average): ¥1,495/ton

• Dry quenching quasi-first-grade coke: ¥1,355/ton

• Wet quenching first-grade coke: ¥1,170/ton

• Wet quenching quasi-first-grade coke: ¥1,080/ton

🌫️ Due to environmental regulations, operational rates at coke plants have decreased.

📦 However, buyer interest remains low, and inventory levels in warehouses are rising.

🏗️ Steel mills already hold medium to high levels of stock.

📉 Overall, demand is weak and the market is in a downward trend.

💸 A fourth round of price cuts in coke is increasingly likely.