19:45 22 June 2026
JSW may benefit from mining disaster in China
The mining disaster in China’s Shanxi province has rapidly changed conditions on global coking coal markets, creating a potential opportunity for JSW to increase export revenue. After the accident in late May 2026, Chinese authorities suspended operations at 155 mines for safety inspections. Although around 64% of suspended capacity had returned by mid-June, output remains well below pre-accident levels.
The disruption has pushed coking coal prices higher. SGX prices have stabilized at around USD 243 per tonne, close to the yearly high, while Chinese futures reached their highest level in 19 months. Analysts estimate that the market may face a shortage of 20–30 mln tonnes, especially in premium grades. Because Russian and Mongolian coal cannot fully replace this supply, European buyers may increasingly turn to local alternatives, strengthening JSW’s position.
