China’s coal mines resume operations slowly: what does this mean for prices in H2?
China’s domestic coking coal price soared in H1, primarily due to an import shortage and domestic supply decline. But market expectation of fast-growing domestic supply in July was overambitious as mines have been slow to resume production. We visited several coal mines, coal washing plants and coking plants in Shanxi to gain a better understanding of the current market dynamics and what they will mean for prices in the second half of the year. Read our report to find out what we learnt.