Production More coking coal mines cut or stopped production as they completed their production targets for the year. Raw coal output from 138 surveyed coking coal enterprises stood at 11.87 Mt during the reporting week, down 52.3 Kt WoW. The capacity utilization also saw a drop of 0.36 pp to 82.61%. 

Price Backbone grade prices regained steadiness, while blending coal prices continued declining, mainly owing to structural supply tightness. Among the surveyed mines, 15 saw price increase by 59 yuan/t, while 27 cut prices by 47 yuan/t on average.

Stock After previous consumption, coal stocks at coking plants decreased to low levels, prompting a slight increase in procurement. Sales of some high-cost performance cargoes improved, with even some pre-sales. However, due to expectations of falling coke prices, feed coal replenishment remained cautious. Additionally, stocks at some coal mines with long-term contracts accumulated obviously. Raw coal inventories at the surveyed mines decreased by 48.8 Kt WoW to 2.46 Mt, and washed coal stocks rose by 24.4 Kt to 2.05 Mt. Some coke enterprises with low inventories started to replenish. Additionally, the impact of previous rain and snow on transportation gradually subsided, leading to a slight increase in coal inventories at coking plants. However, steel mills still have a tendency to suppress coke prices, leading to limited coal purchases from cokamkers. Stocks at surveyed coking plants were 6.86 days' worth of use on average, up 0.39 day WoW.