Coal Declines on Weak Global Demand

2025-09-10 07:22 By Jam Kaimo Samonte 1 min. read

Newcastle coal futures dropped below $101 per tonne in mid-September, marking an over 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.



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