Commodity market report
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7 Pages

China coal short-term outlook July 2017: government allows extra capacity to ease supply tightness

China coal short-term outlook July 2017: government allows extra capacity to ease supply tightness

Report summary

High temperatures in July boosted thermal coal demand and market prices. To ensure sufficient production, the National Development and Reform Commission announced it would allow an additional net capacity of 200Mt to enter the market. We expect the new capacity will gradually ease supply tightness and pressure thermal prices. On the metallurgical coal side, signs of a price uptick were evident. A new round of restocking and supply shortage resulted from output cut and weather disruption were the main reasons.

What's included?

This report includes 2 file(s)

  • China coal short-term outlook July 2017: government allows extra capacity to ease supply tightness PDF - 389.36 KB 7 Pages, 1 Tables, 8 Figures
  • cms china short term market report data.xls XLS - 2.20 MB


Global coal markets are facing extraordinary challenges and uncertainties. Factors such as global overcapacity, weakening demand and falling prices have created cautious investors. These factors have caused delays and cancellations of many mine and infrastructure projects, as well as lower growth rates at others.

This Coal Market Short Term Outlook report gives global and regional coal producers, consumers, transporters and investors detailed supply, demand and price forecasts for the coal industry, covering all the key domestic markets in North America, China and India.

Use this report to gain a better understanding of market dynamics, including revenue and demand potential for different coals. It will also help you identify trade patterns and changes affecting the coal markets.

Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets. Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future investments.

From market dynamics to trade patterns, we give you confidence in your strategic planning.

  • Executive summary
    • Key market data
  • Prices
    • New supply pressures thermal coal prices
    • Strengthening demand and weaker supply turn the metallurgical coal market around
      • Key thermal coal prices – history and forecast, US$/t nominal
      • Hard coking coal price arbitrage at Tangshan steel mill, US$/t nominal
  • Demand
    • Thermal coal demand increases for first time since 2014
    • New round of restocking boosts demand for metallurgical coal
  • Supply
    • Additional capacity to enter the market
    • Strong domestic demand pushes up seaborne metallurgical imports

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Prices
    • Prices: Image 1
    • Prices: Image 2
  • Demand
    • Monthly coal-fired generation, TWh
    • Monthly hydropower generation, TWh
    • Monthly throughput at Qinhuangdao, Mt
    • Monthly throughput at Huanghua, Mt
    • Monthly hot metal production, Mt
    • Monthly metallurgical coke production, Mt
  • Supply
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