Commodity Market Report

China coal short-term outlook June 2024

Get this report*

$5,000

You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Summer has arrived, but the benchmark Qinhuangdao prices fell in June. Heavy rainstorms in southern China were responsible for the decline. Meanwhile, high seaborne imports curtailed demand for domestic spot coal. As a result, inventory levels at the northern loading ports rose steadily. In July, coal generation historically swings up, but this time, there are concerns that coal prices will trend upward due to increased demand. Steel mills continued to ramp up the operation rates of their blast furnaces, though steel prices are declining and steelmaking margins are deteriorating due to weak demand. We expect these conditions to persist in the short term as steel mills look to secure their cash flow before the production cut guidelines are enforced. Market participants are eagerly awaiting the outcome of the China Communist Party conference in July, which could set the tone for steel demand and eventually coking coal prices for the rest of 2024. Read our report for more details.

Table of contents

  • Thermal coal
  • Metallurgical coal

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    China Coal Short Term Outlook June 2024.pdf

    PDF 951.10 KB