B[The National Development and Reform Commission, the National Energy Administration and other departments held a promotion meeting in Shanxi on accelerating the resumption of coal mine production, increasing production and ensuring supply] On October 16, the National Development and Reform Commission, the National Energy Administration and other relevant departments held a promotion meeting on accelerating the resumption of coal mine production, increasing production and ensuring supply in Taiyuan, Shanxi. The meeting required Shanxi Province to speed up the resumption of production of suspended coal mines, make every effort to increase coal supply on the basis of ensuring safety, and promote the smooth operation of the coal market. It is necessary to formulate a production resumption plan based on "one mine, one policy", optimize the production resumption acceptance procedures, and promote the accelerated resumption of production of temporarily suspended coal mines. It is necessary to urge coal mines that resume production to optimize their production organization, reach full production as soon as possible, and increase coal production to normal levels. It is necessary to strengthen daily monitoring and dispatching, and promptly coordinate and solve outstanding problems in coal production and supply. It is necessary to strengthen the signing and performance of medium- and long-term contracts for guaranteed supply of electricity and coal, and strive to improve the contract fulfillment rate. It is necessary to tap the province's potential to increase production and ensure supply, study and identify a number of emergency coal mines to ensure supply, and accelerate the release of advanced coal production capacity. It is necessary to further consolidate the responsibility of ensuring coal supply, give full play to the role of the main coal producing area, and make every effort to ensure the safe and stable supply of energy.
According to the work arrangement, the National Development and Reform Commission, the National Energy Administration, together with the National Mine Safety Administration and other departments, have formed a working group to conduct research and supervision in coal-producing cities in Shanxi Province, actively coordinate the difficulties in resuming work and production in coal mines, accelerate the study and introduction of a series of policy measures to increase coal production and ensure supply, further promote the increase of coal production and supply, and continue to consolidate the foundation for ensuring coal supply during this winter heating season. B[Daily output of raw coal in the origin increased to 1.606 million tons, and imported coking coal went up and down] On October 15th, the domestic coking coal market fluctuated, and the imported Mongolian coking coal market went up and down. On the supply side, coal mines that have suspended production during the National Day holiday and coal mines that have completed their quarterly production tasks at the end of September have resumed production. In addition, the approval process for the resumption of production in some regions has been accelerated, and production has increased rapidly this week. This week, the daily output of raw coal in 523 mines across the country increased by 116,000 tons month-on-month, and the inventory of clean coal increased by 70,000 tons month-on-month. At the same time, origin auction transactions have picked up, the unsold rate has dropped to a low level, and the short-term market sentiment has improved compared with the previous period. (My Steel Net) B[Lüliang low-sulfur main coke rose by 100 to 2,300, and the auction of origin increased more and fell less] On October 14th, domestic coking coal showed a shock recovery pattern. On the supply side, the resumption of production of suspended coal mines in main production areas is progressing in an orderly manner, but the short-term production release of resumed mines is limited, and the overall supply increase is lower than market expectations. The supply of some coal types is highly rigid, supporting the rebound of mainstream coal prices in many places. The ex-factory price of Luliang Lishi low-sulfur main coking coal is 2,300 yuan/ton including tax, an increase of 100 yuan/ton. At the same time, online bidding transactions in Shanxi's main production areas have picked up, with prices rising more than falling. (My Steel Net) B[The coal sector changed again in the afternoon, Antai Group had 3 boards in 5 days] On October 14th, the coal sector changed again in the afternoon, with Antai Group moving out of 3 boards in 5 days. Previously, Zhengzhou Coal and Electricity rose by the limit, with Dayou Energy, Jinkong Coal, Suneng Co., Ltd., China Coal Energy, and China Shenhua leading the gains. B[The coal sector bucked the trend and rose by the daily limit in Zhengzhou Coal and Electricity] On October 14th, the coal sector bucked the trend and rose by the daily limit in Zhengzhou Coal and Electricity. Shaanxi Coal rose by nearly 2%, setting a new record high. China Shenhua rose by nearly 2%, setting a new high since November 2007. Yunmei Energy, Dayou Energy, Yankuang Energy, etc. followed suit. According to the news, in the first week after the National Day holiday, the thermal coal market returned quickly: the closing price of 5,500 kcal at the port stood at 1,000-1,008 yuan/ton, and the outsourcing of 5,500 kcal at a certain group's port was raised to 991 yuan/ton. According to data from the National Bureau of Statistics, the national industrial raw coal output above designated size in August was 360 million tons, a year-on-year decrease of 7.7%, and has been at the lowest level in the same period in the past five years for three consecutive months. B[National Bureau of Statistics: The accelerated development of artificial intelligence, computing and computing collaboration and other fields has led to increased demand and price increases in some industries] On October 14th, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interpreted the CPI and PPI data for September 2026. From a month-on-month basis, the national PPI increased by 1.2%, and the increase increased by 0.8 percentage points from the previous month. The main characteristics of this month's PPI month-on-month operation are: First, the rise in international crude oil and non-ferrous metal prices has driven up prices in related domestic industries. The prices of petroleum extraction, refined petroleum product manufacturing, and organic chemical raw material manufacturing increased by 14.5%, 7.4%, and 5.4% respectively. The prices of non-ferrous metal mining and processing industries, and non-ferrous metal smelting and rolling processing industries increased by 1.6% and 1.5% respectively. The five industries together affected the PPI to rise by approximately 0.63 percentage points month-on-month. Second, changes in supply and demand in some energy and raw material industries have driven up prices. Affected by factors such as the increased demand for coal for heating in winter, the periodic tightness of supply in main mining areas, and the expected effect of rising international coal prices, prices in the coal mining and washing industry and coal processing increased by 9.5% and 13.6% respectively;
Demand for construction materials such as steel and cement has rebounded. Coupled with rising raw material costs, prices in the non-metallic mineral products industry have increased by 0.3% after falling for seven consecutive months. Prices in the ferrous metal smelting and rolling processing industry have increased by 0.2%. The four industries have collectively affected the PPI to rise by approximately 0.38 percentage points month-on-month. Third, the accelerated development of artificial intelligence, computing and computer collaboration and other fields has led to increased demand and rising prices in some industries. The prices of electrical machinery and equipment manufacturing, computer communications and other electronic equipment manufacturing all increased by 0.4%, and the two industries together affected the PPI to rise by about 0.07 percentage points month-on-month. B[The resumption of production at coal mines in the origin is slow, and the bidding for many coal types has increased by nearly 100 yuan] On October 13, the domestic coking coal spot market was operating weakly and steadily, and some online bidding stabilized and rebounded. On the supply side, the resumption of production of coal mines in main production areas has accelerated, and the number of coal mines that have suspended production of coking coal has significantly decreased. As of October 13, there were a total of 54 coal mines that were suspended. However, as the safety supervision situation remains severe, the output of the coal mines that resumed production is low. And after coal prices fell deeply in the early stage, speculative purchasing on the circulation side began to appear, and the prices of some coal types rebounded slightly. The average transaction price of Luliang Liulin high-sulfur main coking coal was 2,157 yuan/ton, an increase of 98 yuan/ton. The average transaction price of Changzhi Qinyuan low-sulfur lean coking coal was 2,329 yuan/ton, an increase of 79 yuan/ton. The average transaction price of medium-sulfur main coking clean coal in Linfen Gu County was 2,265 yuan/ton, an increase of 113 yuan/ton. (My Steel Net) B[Stock ETFs have net inflows for 6 consecutive days, attracting a total of 81.7 billion yuan] On October 13, Wind data showed that stock ETFs had net inflows for the 6th consecutive trading day, but the net inflows narrowed month-on-month. Yesterday, the net inflow of stock ETFs in a single day was 4.338 billion yuan. The net inflow in a single day last Friday was 22.782 billion yuan. The cumulative net inflow of stock ETFs since September 28 has increased to 81.735 billion yuan. Specifically, broad-based ETFs have become the main attraction, with net inflows of 3.847 billion yuan yesterday. GEM ETF E Fund, CSI 300 ETF Huatai-PineBridge, and CSI 1000 ETF Southern ranked among the top three in net inflows yesterday, with 617 million yuan, 603 million yuan, and 523 million yuan respectively. In addition, the net inflow of Shanghai Composite Index ETF Wells Fargo yesterday also exceeded 500 million yuan. In addition to broad-based ETFs, theme ETFs such as banking, media, and coal also saw large net inflows. (Reporter Zhou Xiaoya) B[Dalian Commodity Exchange: Futures prices have been included in the calculation of the Changxie Coal and Steel Linkage Floating Value and have become the pricing reference for some leading coal companies] On October 13, Wang Yufei, deputy general manager of the Dalian Commodity Exchange, said at the Black Industry Forum of the 19th International Oils and Grease Conference and Agricultural and Livestock Industry (Derivatives) Conference that the influence of prices has been steadily increasing. In recent years, DCE has closely followed spot changes and continued to optimize delivery quality standards and premiums and discounts, and the representativeness of futures prices has continued to increase. In terms of iron ore, focusing on changes in mainstream ore quality, Dalian Commodity Exchange took the lead in lowering the futures standard iron grade from 62% to 61%, proactively adapting to industry trends and spot pricing needs. Since then, mainstream spot indexes at home and abroad have also been adjusted one after another, and futures and spot pricing benchmarks have been further aligned. At present, reference to futures pricing in port spot trade has become an industry practice. In terms of coking coal, futures prices have been included in the calculation of the linked floating value of Changxie Coal and Steel, and have become the pricing reference for some leading coal companies. Futures prices are becoming a "weather vane" that is visible, trustworthy and useful for upstream and downstream enterprises. (CSI Taurus) B[The coal sector fluctuated and rose, and Antai Group approached its daily limit] On October 13, the coal sector fluctuated and rose, Antai Group approached its daily limit, and Shaanxi Black Cat, Guanghui Energy, Xinji Energy, and Jinkong Coal followed suit. On the news, the closing price of 5,500 kcal thermal coal (produced in Shanxi) at Qinhuangdao Port was reported at 1,003 yuan/ton, a year-on-year increase of 42.27%, breaking through the thousand yuan mark, setting a new high in the past two years. B[Thermal coal prices stand above the thousand yuan mark in the off-season] October 11th, entering the October coal market off-season, the thermal coal price once again stands above the thousand yuan mark. Wind data shows that as of October 10, the closing price of 5,500 kcal thermal coal (produced in Shanxi) at Qinhuangdao Port was reported at 1,003 yuan/ton, a year-on-year increase of 42.27%, breaking through the thousand yuan mark, setting a new high in the past two years. On the same day, CCTD Bohai Rim thermal coal spot reference price for 5500K specification product closed at 999 yuan/ton, an increase of 5 yuan/ton from the previous month, and was only one step away from the thousand-yuan mark. B[The coal sector fluctuated and rose, Antai Group's 2 consecutive stocks] On October 9th, the coal sector fluctuated and rose during the session, with Antai Group's 2 consecutive stocks, China Shenhua, China Coal Energy, Yankuang Energy, Shanxi Coking Coal, etc. following the rise. On the news, according to information released by CNBC Indonesia on October 7, due to supply problems, the price of coal has risen unstoppably. The price of thermal coal in the international market has continued to rise in the past week and has exceeded US$150 per ton. B[China’s bulk commodity price index rose 4.1% month-on-month in September] On October 5, the China Federation of Logistics and Purchasing announced today (5th) China’s bulk commodity price index. Judging from the index operation, with the arrival of the traditional peak season for production and construction, the acceleration of the implementation of major projects, and the continued improvement of manufacturing production and market demand, the commodity market sentiment level has further improved, laying a good foundation for the smooth operation of the economy in the fourth quarter. China's commodity price index in September was 137.6 points, up 4.1% month-on-month and 22.9% year-on-year. Among the 50 commodities monitored by the China Federation of Logistics and Purchasing, 38 commodities saw price increases month-on-month in September. Among them, methanol, ethylene glycol and coke were the top increasers, with month-on-month increases of 39.5%, 24.8% and 20.4% respectively. B[Coke starts the first round of improvement, ADZE low-sulfur main coke drops cumulatively by 270 to 2350] On September 29, mainstream steel mills raised and lowered the coke purchase price today, with wet quenching coke reduced by 100 yuan/ton and dry quenched coke reduced by 110 yuan/ton, which will be implemented at 0:00 on October 1, 2026. On the supply side, with the support of policies to stabilize production and ensure supply, coal mines in main production areas are advancing the resumption of production in an orderly manner, but the overall resumption progress is still slower than market expectations. The overall market transaction today was bleak. Anze low-sulfur main coking coal dropped by 50 yuan/ton to 2,350 yuan/ton. Linfen Yaodu high-sulfur main coking coal’s transaction price dropped from 1,955 yuan/ton to 230 yuan/ton; Luliang Lishi high-sulfur main coking coal price dropped by 230 yuan/ton. The transaction price of main coking coal was 1,955 yuan/ton, a decrease of 65 yuan/ton; the average transaction price of Changzhi Qinyuan low-sulfur lean coking coal was 2,309 yuan/ton, a decrease of 44 yuan/ton, and some coal mines still failed to sell after lowering their starting prices. On the demand side, the profit recovery of downstream steel mills is currently weak. Today, the first round of increases and decreases in the coke market was launched. After the early replenishment, the enthusiasm of downstream procurement has slowed down significantly. (My Steel Net) B[Shanxi makes every effort to promote the resumption of coal mines, stabilize production and supply, and an increase of 31 million tons can be expected] On September 29, Shanxi Province held a provincial coal safety, stable production and supply promotion meeting, and proposed that under the premise of strictly adhering to the bottom line of safety, we will fully promote the resumption of coal mines, stabilize production and supply, accelerate the reversal of the decline in output, accelerate the reshaping of the coal industry ecology, and contribute to Shanxi's efforts to ensure national energy security and meet people's energy needs. Currently, the Shanxi Provincial Energy Bureau, together with the Shanxi Provincial Department of Emergency Management and the Shanxi Bureau of the National Mine Safety Supervision Bureau, organizes safety assessments for stable production and supply of coal mines. For coal mines that have passed the safety assessment, on the premise that the bottom line of safe production is strictly observed, all hidden dangers are investigated and managed, and the coal mine safety supervision and inspection department has implemented administrative penalties in accordance with the law for over-capacity production since 2026, before the end of December, the remaining months of production can be organized at no more than 1/12 of the design (approved) capacity in a single month, and preliminary estimates can increase output by 31 million tons. (China Coal News) B[Most of the main domestic futures contracts fell, with lithium carbonate and Shanghai silver falling by more than 4%] On September 28, most of the main domestic futures contracts fell, with lithium carbonate and Shanghai silver falling by more than 4%, live pigs falling by more than 3%, palladium falling by nearly 3%, and coking coal, dates, glass, and Shanghai gold falling by more than 2%. In terms of growth, the European container shipping line rose by more than 5%, methanol rose by more than 4%, fuel oil rose by more than 3%, beans rose by nearly 2%, and propylene, liquefied petroleum gas (LPG), polysilicon, and asphalt rose by more than 1%. B[Governor of Shanxi Province: It is necessary to accelerate the reversal of the declining trend of coal production] On September 26, Lu Dongliang, deputy secretary of the Shanxi Provincial Party Committee and governor of Shanxi Province, chaired a promotion meeting on the province’s coal safety, stable production and supply on the 26th. He emphasized that we should better coordinate development and safety with a strong sense of responsibility, mission, and urgency. While strictly adhering to the bottom line of safety, we should fully promote the resumption of work and production, stabilize production and supply, accelerate the reversal of the downward trend in output, accelerate the reshaping of the coal industry ecology of our province, and contribute Shanxi's strength to ensuring national energy security and meeting people's energy needs. B[The coal sector rose in the afternoon and Dayou Energy approached its daily limit] On September 22, the coal sector rose in the afternoon, Dayou Energy approached its daily limit, and Yunmei Energy, Zhengzhou Coal and Electricity, Jinkong Coal Industry, and Shaanxi Black Cat followed suit. On the news, on September 22, the benchmark price of coking coal in SunSirs was 2,373.75 yuan/ton, an increase of 4.63% compared with the beginning of this month (2,268.75 yuan/ton). B[Chengdu’s lithium-ion battery production increased by 152.7% year-on-year from January to August] On September 22, the official WeChat account of the Chengdu Bureau of Statistics revealed that from January to August, the added value of the city’s industrial enterprises above designated size increased by 6.3% year-on-year. Looking at different industries, the added value of 26 of the 37 major industries increased. Among them, the electrical machinery and equipment manufacturing industry increased by 19.1% year-on-year, the special equipment manufacturing industry increased by 14.5%, the petroleum, coal and other fuel processing industry increased by 14.1%, and the computer, communications and other electronic equipment manufacturing industry increased by 12.6%. Looking at the output of major industrial products, lithium-ion batteries increased by 152.7% year-on-year, smart TVs increased by 45.5%, and industrial robots increased by 16.3%. From January to August, the production and sales rate of products of industrial enterprises above designated size was 96.0%. B[Main domestic futures contracts are up and down] On September 22, the main domestic futures contracts were up and down. Polysilicon, lithium carbonate, glass, and pure benzene rose by more than 2%, international copper rose by nearly 2%, and Shanghai copper, coking coal, and paraxylene rose by more than 1%. In terms of decline, ethylene glycol (EG) fell by more than 3%, asphalt fell by nearly 3%, and propylene fell by more than 2%. B[The three major ports were closed for 7 consecutive days during the National Day, and the bidding for coking coal from the origin fell across the board] According to the bilateral agreement between China and Mongolia, the three major ports will be closed for 1 day on the Mid-Autumn Festival on September 25, and for 7 days during the National Day period from October 1 to 7, and will resume customs clearance on October 8. Recently, customs clearance at Mongolian coal ports has remained low, import supply continues to tighten, and inventory reduction is expected to be strong. On the supply side, although the market supply is expected to be loose in the near future, the overall supply of coking coal is still relatively tight. The actual increase in the short term is limited, market sentiment continues to be weak, and the online auction failure rate continues to be high. The average transaction price of Changzhi Qinyuan low-sulfur lean coking coal was 2,353 yuan/ton, down 47 yuan/ton. (My Steel Net)
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