
China’s 2023 auto sales and output hit record highs
Sales and output of automobiles in China both capped 30 million units in 2023, hitting record highs and registering double-digit rises

Sales and output of automobiles in China both capped 30 million units in 2023, hitting record highs and registering double-digit rises

A limited rise in consumption of HRC against increasing supplies of the flat product could see Chinese hot coil prices weaken

China’s metallurgical coke market is expected to see slight increases in both supply and demand this year.

China faced difficulties to increase its coking coal supply notably in 2023, as frequent safety inspections soared

In 2023, Russia ramped up coal supplies to China almost 1.5 times to all-time high of more than 100 million tons

Chinese buyers’ interest in imported thermal coal cargoes is likely to ease from last year’s highs in 2024.

China’s metallurgical coke production reached an estimated 490 million mt in 2023, up 3.6% from 2022.

China witnessed a continuous expansion of advanced coal production capacity from 2021 to 2023 from robust output and substantial coal imports

Driven by the stabilization of the domestic macro-economy and higher-than-expected increase in steel exports, demand for steel has rebounded

The coke market is operating weakly. The maintenance of blast furnaces in steel plants is just in need of suppression.

Chinese prices of coking coal are seen softening this month amid a mild glut, as expected declines in hot metal output weigh on demand

China’s crude steel output may stay at its current high levels or even rise marginally in 2024 thanks to stimulus-fuelled demand growth