China's coking coal auction market on Dec 17, 2025

China's coking coal auction market had 219 Kt (mainly primary coking coal and fat coal) listed on Dec 17, and the unsold rate remained low at 3% despite a 3 pps expansion DoD. The average closing premium for all sold lots was 39.82 yuan/t. Auction failures notably reduced, thanks to increased appetite from some low-stocked coking plants and certain coal supply constraints near year-end. With sentiment marginally picking up, some sold lots saw increases of 3-45 yuan/t in settlements compared to previous levels. Yet high-priced cargoes continued to see decreases of 15-55 yuan/t.

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