Chinese buying interest in seaborne thermal coal could be further dampened by lower power consumption in eastern and southern regions, where heavy rain paralyzed outdoor activities and subdued the use
Coking coal prices continued to keep stable on July 14 after a 20-30 yuan/t hike last week at some major production areas, and kind of wait-and-watch atmosphere was appearing among them.
Thermal coal spot prices may not go down rapidly at northern Chinese transfer ports in the near term, traders said, as supply is currently not quite sufficient to meet demand in summer peak season.
China imported 101.68 million tonnes of iron ore in June, rising by 14.66 million tonnes or 16.8% from May, and the imports were worth $9.16 billion, according to the latest data from the General Admi
China imported 8.33 million tonnes of natural gas in June, up 492,000 million tonnes or 6.3% than the month-ago level, showed data from the General Administration of Customs on July 14.
Production area Some mines in Shanxi and Shaanxi reported
relatively stable coal production and sales, while some small- and medium-sized
mines in western Inner Mongolia saw low
Having been stable for nearly a week, China's domestic thermal coal prices could lose ground as supply is growing towards northern ports following a meeting called by the state planner last week.
China's coal imports in June increased nearly 15% from a month earlier, official data showed, despite the government's effort to curb import of the material from overseas.
China's finished steel exports in January-June fell by 16.5% compared with a year ago to 28.7 million tonnes, according to data from the General Administration of Customs on July 14.
Chinese imports of Mongolian coal are expected to rise, considering its price edge over domestic material and constrained imports of Australian coal amid tight quotas.
China's coking coal
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Sentiment has softened in China's coking coal market after short-lived uptrend last week, impacted by slow restocking from coke plants due to coke price cuts.
Poorer sales caused stock ba
Chinese domestic thermal coal prices stayed flat at northern ports on July 9, following a fast pickup for almost a week, affected by Huaneng's announcement on tightening purchase for spot cargoes. &nb