Recently, the supply of coking coal has undergone a notable contraction, primarily stemming from production restrictions in key domestic mining regions and a decrease in imports. In Shanxi, the mining area has witnessed heightened safety oversight due to a surge in mining accidents, exacerbated by frequent rainfall during the monsoon season. This combination has impeded coal production and transportation, leading to a sluggish recovery in output. Additionally, political instability in Mongolia and significant losses sustained by traders have contributed to a decline in the volume of Mongolian coal cleared, further compounding the impact on coking coal imports.
