According to the National Bureau of Statistics, China's raw coal production at enterprises above designated size remained at a relatively high level in October, while crude oil and natural gas production grew steadily and electricity generation saw a notable acceleration in growth.

Raw coal production maintained a relatively high level. In October, China's raw coal output at enterprises above designated size reached 410 million tons, down 2.3% year-on-year, marking the fourth consecutive month of year-on-year decline. From January to October, industrial raw coal output from enterprises above designated size reached 3.97 billion tons, up 1.5% year-on-year, with the growth rate continuing to narrow.

Separately, data released by the General Administration of Customs on November 7 showed China imported 41.737 million tons of coal in October 2025, down 4.511 million tons or 9.75% from 46.248 million tons in the same period last year. Compared with September's imports of 46.003 million tons, October imports decreased by 4.266 million tons, a drop of 9.27%. From January to October 2025, China imported a total of 387.623 million tons of coal, down 11% year-on-year.

SunSirs reported that on November 24, thermal coal prices at northern ports declined month-on-month.

On November 24, thermal coal prices at northern ports were: 5800 kcal/kg at 865-875 RMB/ton , 5500 kcal/kg at 830-840 RMB/ton , 5000 kcal/kg at 740-750 RMB/ton , and 4500 kcal/kg at 650-660 RMB/ton .

As an integrated internet platform providing benchmark prices, on November 24, the SunSirs benchmark price for thermal coal stood at 825.00 RMB/ton, marking a 1.85% increase compared to the beginning of the month (810.00 RMB/ton).

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Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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