MYSTEEL: Supply glut to suppress China's met coal prices in '25

Chinese metallurgical coal prices are expected to move lower in 2025, with the price bottom in the year to shed another 10% from that in 2024, despite some periodical upticks that could be driven by favorable macroeconomic policies of the country, according to Mysteel's latest forecast for the market for 2025.

Specifically, the report suggests that the price of Anze low-sulfur primary coking coal, a representative premium coal grade produced in Linfen city, North China's Shanxi province, will possibly fall below the Yuan 1,400/tonne ($191.8/t) mark at some point next year. The price for this grade already notched a four-year