【Monsoon Disrupts ROM Coal Supply, Lifting Raipur Washed Coal Price to INR 7,050/t】

In the latest data released by China's shipbuilding industry, a reporter found that despite the continued decline in global orders for green-powered ships, China's global market share of new orders for green ships has remained above 68% for three consecutive years. What transformation code lies behind this growth against the trend? On inland waterways, a wave of electrification has quietly emerged. Many veteran captains who have spent their entire lives on ships have taken the initiative to replace their familiar fuel-powered vessels with electric ones. The booming market momentum has already been transmitted to the upstream shipbuilding segment of the industry chain. Visiting local shipbuilding enterprises, the reporter saw that production stations were fully booked, and a large number of new energy ships were being built at an accelerated pace.

Iron ore futures traded steady today. The DCE most-active contract I2701 settled at RMB 707.5/mt, up 0.21% from the previous trading day. Spot prices at Qingdao Port rose by RMB 1-4/mt. Traders largely followed the market, while mills purchased on an as-needed basis, leaving overall spot transaction volumes moderate.

[Vietnam] Vietnam’s steel market remained relatively stable on August 21, with domestic construction steel prices ranging from USD 526–576/t, equivalent to around 531 USD/tonne EXW, while HRC prices stood at approximately 515–522 USD/tonne CFR Ho Chi Minh City. Despite higher input costs, particularly for coking coal, steel and iron ore prices continue to face pressure from weak downstream demand. The prolonged downturn in China’s property sector, a major source of global steel consumption, continues to weigh on international demand and profit margins, prompting some mills to reduce production to limit losses. The weak demand outlook is expected to remain a key barrier to a sustained recovery in steel prices in the near term.