Market Activity Significantly Improved, Coking Coal Auction Failed-Bid Ratio Plummets

K-LinePoet · 2026-03-19T04:02:06+00:00

Last week, market sentiment fluctuated as the futures market rally boosted offline market sentiment. Coal mine shipments improved for some producers, with bidding premiums increasing noticeably. Speculative demand was partially released, market activity rose compared to the previous period, and coal mine inventory pressure was somewhat relieved. Last week, the failed bid rate for coking coal online auctions declined significantly. Coking coal mines participating in online auctions listed a total of 1.7829 million tons, with transaction volume of 1.6879 million tons, reaching a 7-week high. Failed bid volume was 950,000 tons, with a failed bid rate of 5.3%, down 17.6% from the previous week. Bidding prices rose more often than they fell. (Mysteel)

K-LinePoet

2026-03-19 04:02:06

Last week, market sentiment fluctuated. The futures market rally boosted offline market confidence, leading to improved coal mine shipments. Auction premiums increased significantly, and speculative demand was released, resulting in higher market activity compared to previous periods. Coal mine inventory pressure was somewhat alleviated. Last week, the online auction failure rate for coking coal noticeably decreased. A total of 1.7829 million tons of coking coal mines were listed for online auction, with 1.6879 million tons sold, reaching a seven-week high. The number of failed bids was 95,000 tons, accounting for 5.3%, down 17.6% from the previous week. Auction prices mostly rose, with fewer declines. (Mysteel)

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