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FLASH: China's coking coal futures hit limit up on Shaanxi capacity-cut rumor

Source: Mysteel Jan 07, 2026 16:55
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Coking Coal Price
China's coking coal futures surged to the daily limit on Wednesday, fueled by market chatter over potential production capacity cuts in Shaanxi province, a key coal-producing hub in Northwest China, which stoked concerns over supply risks.
According to the rumour, a video conference held on Wednesday morning revealed that Shaanxi has revoked 19 million tonnes/year of coal production capacity from 26 mines, after they failed to properly fulfill thermal coal supply obligations during 2024-25. The move was said to be based on a document jointly

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