TSI FOB Australia Premium Coking Coal SEP7 (ACF2709)
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TSI FOB Australia Premium Coking Coal SEP7 (ACF2709) News
Express News | Coke options officially began trading today.
Today (the 2nd), coke options officially commenced trading on the Dalian Commodity Exchange. Coke is an indispensable core raw material for the steelmaking and coal chemical industries. With the listing of coke options, a synergistic toolkit will be formed alongside coke futures, coking coal futures and options, and iron ore futures and options. This will establish a more comprehensive risk management system covering raw materials and fuels for the steel industry, better meeting the refined and portfolio-based price hedging needs of enterprises across the industrial chain. (CCTV News)
Express News | Slow recovery in output has led coking coal prices to remain volatile but firm.
Domestic coking coal prices continued their volatile yet firm trend. On the supply side, a supply gap for coking coal persists, particularly due to unresolved structural issues among different coal types. Against the backdrop of stringent domestic safety inspections, the recovery in coking coal output remains sluggish. Today, mainstream large mines in Changzhi raised prices for coking blending coal by RMB 50/tonne, while high-sulfur premium coking coal in Xiaoyi, Luliang saw its average transaction price increase by RMB 62/tonne to RMB 1,736/tonne. Online auctions remained active, with premiums widening significantly, and offline market quotations followed suit with corresponding increases. On the demand side, after the third round of coke price reductions took effect, losses at coking plants have further widened, and steel mills are also facing mounting pressure from shrinking profit margins. Supported by tight supply conditions, coking coal has shown relative strength, though downward pressure from weakening demand is simultaneously accumulating. Overall, coking coal prices are expected to remain range-bound with a firm bias in the near term, albeit with limited upside potential.
Express News | Coking coal supply remains persistently tight, with resumed mines exhibiting a pattern of resumption without corresponding output recovery.
Coking coal supply remains persistently tight. Earlier safety inspections in Shanxi led to the suspension of substantial coking coal production capacity. Currently, mine restarts are characterized by resumption without full output recovery, as most reopened mines operate at low load factors. High-quality, low-sulfur prime coking coal and fat coal remain in short supply, driving sustained increases in pithead coal prices and continuously elevating the cost base for coke ovens. As of May 23, a total of 155 coking coal mines in Shanxi were idled, representing combined annual capacity of 183.1 million metric tons. By June 17, 97 mines had resumed operations, amounting to 117.4 million metric tons of capacity, while 58 mines remained suspended, totaling 65.7 million metric tons of capacity.
Express News | Slow resumption of coal mine operations in Shanxi provides a basis for coking coal futures to remain elevated or even rise further.
This week, both the spot and futures markets for coking coal and coke continued to trade on a relatively strong note. According to supply-demand data, coking coal supply has not yet fully recovered. As of yesterday (June 3), Fenwei statistics indicate that 66 coal mines in Shanxi Province remain offline, representing approximately 68.2 million tonnes of annual capacity—equivalent to roughly 75,000 tonnes per day of cleaned coal. Recent data from Mysteel also show a notable decline in coal producers’ operating rates, with some metrics indicating a drop of around 15% from May’s peak, reflecting a significant reduction in output. Overall, coking coal and coke markets continue to face near-term supply-side pressure, underpinned by robust market sentiment, high pig iron output downstream, and sustained刚需 for coke, providing clear support. As long as the pace of mine restarts in Shanxi remains sluggish, spot tender prices continue to rise, and announced coke price hikes are successfully implemented, coking coal futures retain the foundation to stay at elevated levels or even push higher. However, for sustained gains over the medium to long term, attention must be paid to the progress of mine resumptions, the extent to which imported coal can fill the supply gap, and—most critically—whether downstream steel demand and mill profitability can absorb further increases in raw material costs.
Market Chatter: China Coking Coal Futures Extend Gains Following Shanxi Coal Mine Blast
Chinese coking coal futures prices extended their gains in early trade on Tuesday after the deadly blast at the Liushenyu mine, Bloomberg News reported the same day.Dalian futures climbed up to 5.1%
Express News | Stock Market Risk Alert for April 13
The number of A-share companies announcing proposed share reductions has increased recently. The controlling shareholder of Cambridge Technology and its concert parties plan to collectively reduce their holdings by no more than 2.69%, while shareholders of Jingsong Intelligence plan to reduce their holdings by no more than 2.68%. KaiFa Technology and Harbin Railway Technology will face over 60% of shares being unlocked. The Beijing Stock Exchange has set a daily purchase limit for stocks under risk warnings. Hightech Development will be subjected to other risk warnings due to false records in its 2021 and 2022 annual reports, with the stock abbreviation changed to ST Hightech. Returning to the fundamental logic of supply and demand, coking coal futures have continued to decline. Snow Wave Environment will be subjected to other risk warnings as the lower of the net profits before and after extraordinary items for the last three fiscal years was negative, with the abbreviation changing to 'ST Snowwave'. The U.S. Central Command will blockade maritime traffic at Iranian ports starting from April 13, causing WTI crude oil and Brent crude oil prices to rise by over 9% at one point.
Express News | Coking coal futures continued to decline as the market returned to the fundamental logic of supply and demand.
As of the close on April 10, coking coal futures continued their weak decline. Based on closing prices, the main coking coal contract JM2605 fell by 4.22% (-46.5) to 1056.0, while the long-term coking coal contract JM2609 dropped by 3.26% (-40.5) to 1203.0. All coal-related contracts showed a downward trend. The sharp drop in coking coal futures was primarily due to four factors: the market returning to the fundamentals of supply and demand, persistent pressure from loose coking coal supply, significant delivery pressure for futures contracts, and dominant bearish feedback leading to further declines.
Express News | The ongoing escalation of conflicts in the Middle East has heightened market expectations of a tighter energy supply, driving up coking coal futures.
Recently, coking coal futures surged significantly. Discussing the reasons behind the sharp rise in coking coal futures prices, Liu Huifeng, Chief Researcher of Ferrous Metals at Donghai Futures, stated that from a geopolitical risk perspective, the continued escalation of conflicts in the Middle East has intensified market expectations of a constrained energy supply. Fundamentally, the average daily production of molten iron from blast furnaces rebounded sharply this week, with both steel mills and coking plants beginning to replenish their inventories. Historically, thermal coal is entering the inventory replenishment phase ahead of the summer electricity consumption peak. "Since last week, market expectations for further increases in coal mine output have risen. If steel demand recovery falls short of expectations, upstream coal mines may return to an inventory accumulation state," said Liu Huifeng.
Express News | Today's Investment Sentiment Highlights
1) Electricity: The term 'Computing-Power-Electricity Collaboration' was included for the first time in the 2026 government work report and explicitly listed as part of the new infrastructure projects. 2) Photovoltaics: Elon Musk stated that the goal of the 'Terafab' project is to produce more than one terawatt of computing power annually, with approximately 80% allocated for space and about 20% for terrestrial use. 3) Robotics: The Shanghai Stock Exchange has accepted the STAR Market IPO application of Unitree Technology Co., Ltd., with a planned financing amount of 4.202 billion yuan. 4) Chemicals and Coal: Affected by conflicts in the Middle East, domestic commodities such as Shanghai crude oil, coking coal, coke, methanol, PTA, and plastics surged over 7% today. 5) Oil and Gas: Shanghai crude oil closed up 7.5%, hitting another stage high; WTI crude oil rose back above $100 per barrel, while Brent crude approached $110.