Production Inspections Enforced in Chinese Coal Mines

Published: Feb 28, 2023 10:52 (GMT+8)

Source: SMM

Save

Safety inspections in various regions were strictly enforced because of the Two Sessions and the coal mine collapse in Inner Mongolia.

SHANGHAI, Feb 28 (SMM) - Safety inspections in various regions were strictly enforced because of the Two Sessions and the coal mine collapse in Inner Mongolia. Some coal mines in Inner Mongolia suspended or cut their production, tightening the coking coal supply. Downstream companies and traders were more willing to purchase, slightly pushing up quotes offered by some coal mines.

Market

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

4 mins ago

[SMM Coking Coal and Coke Daily Brief] 20261009

4 mins ago

10 mins ago

[SMM Steel]

[Sheets & Plates] Today, export prices for some HRC and other sheets & plates rose $1-2/mt WoW, with HRC transaction prices concentrated in the $492-495/mt range. Overall market trading sentiment improved, but some clients had already purchased heavily before the holiday and have little post-holiday procurement demand.

10 mins ago

27 mins ago

[SMM Steel] Indian HRC Prices Hold Firm; Maintenance and Full Order Books Raise Supply Concerns

[India Export] Indian HRC references held around 670USD/tonne FOB India for Europe, with offers at 750–760USD/tonne CFR North Europe and Middle East indications at 620–630USD/tonne CFR. The Vietnam reference remained around 575USD/tonne CFR, with no fresh firm Indian mill offers confirmed. Billet stood at 467.5USD/tonne FOB India. Domestically, HRC held around 664USD/tonne (64,000INR/tonne) EXW Mumbai, excluding 18% GST. Market participants said Tata Steel’s Meramandali maintenance could last around three weeks, with distributors reportedly told to expect only 15% of their usual HRC allocations. Two other major steelmakers reportedly had full order books covering domestic or export commitments. Participants consequently expect a near-term HRC shortage, supporting domestic sellers’ firm stance, while higher European offers still await confirmed transactions.

27 mins ago