Chinese Coking Coal Prices Set for Best Week in Six
Chinese coking coal futures are on track for a 10.1 percent weekly gain following a deadly mine accident in Shanxi province that triggered stringent safety inspections. While the state planner has called for stable energy production to meet peak summer demand, supply fears and resilient steelmaker output continue to support prices.
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China coking coal prices rose 10.1% this week to 1,292 yuan per ton, marking the strongest weekly gain in six weeks. A gas explosion at the Liushenyu mine in Shanxi province killed 82 people and triggered province-wide safety inspections that curtailed supply. Investors are weighing tightening coal availability against Beijing's mandate to maintain energy production for peak summer demand.
