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<Research>Citi: CN Inspection of Coal Mine Overproduction to Support Coal Prices in ST
On the previous day (22nd), Mainland China announced a major inspection of coal mine production to promote stable and orderly coal supply in eight provinces, Citi said in its repor...
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<Research>Citi: CN Inspection of Coal Mine Overproduction to Support Coal Prices in ST
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On the previous day (22nd), Mainland China announced a major inspection of coal mine production to promote stable and orderly coal supply in eight provinces, Citi said in its report.

The notice stated that coal mines with single month output in 1H25 10% higher than monthly capacity were required to suspend production for rectification, and may resume production afterward. The coal mines with coal output in 2024 above the full-year capacity with output not higher than the capacity in 1H25 were required to rectify the overproduction.

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These inspections by Mainland authorities indicated an intention to support currently low coal prices, in the broker's view. Potential coal production cuts will support coal prices in the short term during the peak summer season.

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