【Coal Hover Near 1-Month High on Indonesia Supply Woes and Energy Rally, But Gains Capped by Weak Chinese Demand】

Published: Jul 29, 2026 14:32

Save

In late July, thermal coal futures rebounded to around $130.25 per tonne, hovering near a one-month high. Reports indicate that dry weather in Indonesia, the world's largest thermal coal exporter, disrupted barge transport along the critical Barito River in Kalimantan, with some miners declaring force majeure and fueling near-term supply tightness fears. Meanwhile, escalating Middle East tensions pushed Brent crude up, boosting fuel costs across the broader energy market. However, further price gains remain strictly capped by weak import demand from China, the top consumer, where high stockpiles and cautious procurement by utilities continue to suppress momentum.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

[SMM Steel]

[SMM Steel] Market feedback indicates that for HRC Q235B with September shipment, specification 3.0*1250*C, the FOB transaction price was $475/mt, loading port Jingtang Port, destination country Southeast Asia.

1 min ago

7 mins ago

[Vietnam Reviews HRC Anti-Dumping Duties After Chinese Steelmaker Requests Reassessment]

Vietnam's Ministry of Industry and Trade has launched the first review of anti-dumping duties on hot-rolled coil (HRC) steel imports from China following a request by China's Baosteel Group, one year after the measures took effect. The review is conducted under Decree 86/2025, which allows annual reassessments during the first four years of implementation. Vietnam imposed official anti-dumping duties of 23.1% to 27.83% on certain Chinese HRC products in July 2025 after an investigation initiated at the request of Hoa Phat and Formosa, while ending a parallel probe into imports from India. The review could determine whether the existing tariff rates remain appropriate for Baosteel under current market conditions.

7 mins ago

10 mins ago

Data: SHFE, DCE market movement (Jul 29)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 29 Jul , 2026

10 mins ago