Commodity Market Report
China coal short-term outlook September 2023
Report summary
Mine accidents curtailed China’s domestic supply in the second half of the year. It was the primary driver behind the QHD price jumping by RMB150/t to RMB1,000/t in September. However, tight domestic supply resulted in over 30 Mt of seaborne imports in August, the highest since January 2021. We expect the influx of imports will be the main impetus for the QHD price stabilising in October. Supply issues have been the most significant support to the high coal price since July, although the real shortage may be overrated. Robust steel production did ensure coal demand but couldn’t consistently push the price up since merely one-third of the steel mills made a profit. How will the situation evolve?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
China coal short-term outlook March 2024
Continued slump in China’s property sector is crippling demand and raw material prices
$5,000
Commodity Market Report
China coal short-term outlook February 2024
market hoping for material outcomes from the Two Sessions, will there be any?
$5,000
Commodity Market Report
China coal short-term outlook January 2024
Thermal and metallurgical coal imports hit record highs in 2023
$5,000