How is anthracite demand split across chemical, metallurgical, and power sectors in 2025?
Anthracite demand in 2025 is structurally weak. Chemical and metallurgical consumption, the two core pillars, are both under pressure. Chemical plants face technology upgrades that reduce anthracite intensity, while the property downturn curbs steel demand, limiting blast furnace injection and sintering use. Power generation is a minor outlet, as anthracite's high ignition point and low volatility make it less suitable for standard boilers. Supply remains ample—major producing regions in Shanxi and Inner Mongolia keep high operating rates, with only brief cuts from safety inspections. The result is a buyer's market: prices hit multi-year lows, with occasional short-lived rebounds tied to policy signals or seasonal stocking.
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