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China coking coal prices extend loss on prospects of rising supply

22nd June 2026

By: Reuters

  

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China's coking coal futures prices extended their decline on Monday, weighed down by prospects of rising supply amid continued production resumption after a deadly mine accident in coal-rich Shanxi and growing imports.

The most-traded coking coal contract on the Dalian Commodity Exchange (DCE) slipped 1.93% to 1 268.5 yuan ($187.32) per metric ton by 03:30 GMT.

The most active DCE coke contract fell 0.74% to 2 010.5 yuan a ton.

As of June 17, around 63% of coal mines that suspended operations after the fatal mine accident in late May have resumed production, according to a survey by the consultancy Mysteel.

Also, China's imports of coking coal in May surged by 51% year-on-year while the year-to-date imports jumped by 25%, customs data showed.

China's imports of coking coal are set to rise further this year, traders said.

"The recent coking coal price slump is not because there was a dramatic change in fundamentals, but is reflective of the shift in focus among traders to production resumption from previous fears of supply shortage," analysts at Galaxy Futures said in a note.

"Uncertainties still cloud the pace of production restart for other mines, and it would be hard to see output recover to the pre-accident level," they added.

Iron-ore prices moved in a tight range on Monday as investors weighed still-resilient demand from steelmakers against elevated portside inventories.

The most-traded DCE ore contract dipped 0.13% to 745 yuan a ton.

The benchmark July iron-ore on the Singapore Exchange was 0.31% higher at $98.95 a ton, as of 02:54 GMT.

The average daily hot metal output, a gauge of iron-ore demand, ticked 0.6% higher from the week before to 2.42-million tons as of June 18, the highest level since September 2025, Mysteel data showed.

Steel benchmarks on the Shanghai Futures Exchange were mixed. Rebar shed 0.32%, hot-rolled coil lost 0.42%, stainless steel edged down 0.13% while wire rod added 0.51%.

Edited by Reuters

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