MYSTEEL: Top 10 news events in China's coal market in 2025

China's coal market has experienced another turbulent year in 2025, with prices highly impacted by factors including structural oversupply, policy tightening, energy transition, and shifting demand. As the year draws to a close, here are the ten developments that most shaped the market's trajectory.

1. NEA launches overproduction inspections, reining in supply and lifting prices In July, China's top energy regulator – the National Energy Administration – rolled out a nationwide campaign targeting coal mines that had been producing beyond their approved capacity. Under the new rules, any mine whose monthly output in the