MONTHLY: Fundamentals to re-dominate China's met coal market in Aug

Following the receding of upbeat sentiment driven by China's anti-involution policy, the Chinese metallurgical coal market is anticipated to be primarily shaped by supply-demand fundamentals again in August, with a tight market balance likely to persist, Mysteel's latest monthly report on the commodity predicts.

In July, domestic met coal prices recorded stronger-than-expected gains, largely due to lower coal stockpiles at mines and robust replenishing demand from coal traders, washeries and end-users, whose impact was amplified by bullish sentiment buoyed by expectations for Chinese authorities' strict crackdowns on coal overproduction, according to market sources. Coking