The May 22 Liushenyu mine disaster in Shanxi killed 82 workers and suspended 109 mines with ~122 million tonnes of annual capacity — removing 288,000 tonnes per day from China's coking coal supply. Chinese domestic EXW Anze prices surged 6.7% from $239/mt to $255/mt within 72 hours. DCE coking coal futures hit the +8% daily limit on May 25. Australian HCC PLV FOB at $241/mt faces upward pressure from accelerating Chinese import inquiries. India steel output expanded 11% YoY in March to 15.3 million tonnes. Procurement teams with unfilled Q3 volume face a tightening seaborne market through July. Lock 75% of Q3 volume by mid-June at $238–245/mt FOB Australia.
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