Nanchang Construction Steel Quotes Stable on 13th, Main Price at 3,280

According to SMM statistics, both factory inventory and social inventory of building materials destocked to varying degrees this period. Total building material inventory stood at 8.074 million mt, down 118,500 mt MoM, or -1.45% MoM.

According to an SMM survey, the destocking pace of total social inventory of building materials accelerated slightly this period. As of September 3, 2026, SMM building materials social inventory stood at 5.458 million mt, down 78,900 mt WoW, a decline of 1.43%.

Indonesian state-owned coal producer PTBA has slightly raised its 2026 production target to 49.55 million tonnes from 49.5 million tonnes, while setting full-year sales and transportation targets at 49.51 million tonnes and 41 million tonnes, respectively. The production target was increased by only 50,000 tonnes, or approximately 0.1%, giving the adjustment itself very limited direct significance for market supply. More importantly, PTBA’s first-half production fell 10% year on year to 19.45 million tonnes. To meet its full-year target, the company must produce approximately 30.1 million tonnes in the second half, around 54.8% more than its first-half output. It must also sell about 28.41 million tonnes during the period, approximately 34.6% above first-half sales, meaning that the production recovery must be supported by sufficient transportation and sales capacity. PTBA’s second-quarter production increased 94% from the previous quarter, while sales rose 8%, indicating that operations had begun to recover. Its first-half average selling price increased 14% quarter on quarter and 10% year on year, helping revenue rise 8% to 22.03 trillion rupiah and net profit attributable to the parent increase 218% to 2.65 trillion rupiah. Stronger prices and profitability have increased the company’s incentive to raise production and sales. PTBA’s domestic sales fell 9% year on year to 10.77 million tonnes in the first half, while exports increased 5% to 10.33 million tonnes. The company also intends to strengthen export sales.