Newcastle coal futures slipped below $104 per tonne in mid-September, marking a three-month low as sluggish global demand weighed on prices. Industry data showed global coking coal volumes fell 6% year-on-year in the first half of 2025 to about 172 million tons, reflecting weaker steel production, higher domestic supply in key markets, and shifting trade flows as major buyers like India and China reduced seaborne purchases. In India, buyers adopted a cautious stance, leaving several cargoes unsold, while in China, early autumn demand stayed soft amid further declines in domestic prices. Adding to bearish sentiment, uncertainty over coke costs persisted after major steel mills in Hebei and Shandong launched the first round of price cuts.
作者：Jam Kaimo Samonte，文章来源tradingeconomics，版权归原作者所有，如有侵权请联系本人删除。
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