Asia
During the fourth quarter, anthracite coal prices in Asia displayed mixed movements rather than a single directional trend, shaped by alternating supply and demand influences. In the early portion, prices moved upward as tighter safety supervision and environmental compliance measures constrained mine output, keeping spot availability limited and inventories low. Demand from steel producers utilizing anthracite for sintering applications remained supportive during this phase, alongside steady consumption from metallurgical operations and power generation facilities. As the quarter progressed, import inflows increased and domestic mine operations gradually resumed, easing supply tightness. Downstream buyers became more cautious, shifting toward need-based procurement and reducing market activity, which led to intermittent price softening. Steel sector demand showed variable patterns while carbon material applications demonstrated measured consumption. By the latter portion, supply conditions appeared more balanced while demand from metallurgical and industrial applications weakened, resulting in stabilization to slight decline. Overall, the Asian market reflected alternating phases of firmness and easing.
Europe
Anthracite coal prices in Europe broadly resembled the trend observed in Asian markets during the fourth quarter. Early in the quarter, prices firmed alongside supply tightness and supportive sentiment from global markets. Steel producers and metallurgical operations maintained stable activity, lending initial support to demand from sintering and carbon injection applications. As supply availability improved later in the quarter and market pressure eased, European buyers slowed procurement. Demand from the steel sector and industrial carbon applications softened, leading to weaker trading activity and price pullbacks toward quarter-end. The pattern mirrored Asia's transition from firmness to easing.
North America
North American anthracite coal prices followed a pattern similar to Asian markets during the fourth quarter. Prices found early support from steady steel production, metallurgical demand, and controlled mine output, aligning with global supply tightness. As supply conditions improved and demand from steel and industrial applications weakened, price momentum softened. Market activity slowed as buyers reduced raw material purchases, with prices easing from earlier levels by quarter-end.