Chinese coking coal futures extended declines following a report that Shaanxi authorities urged miners to maintain output after a deadly accident in neighboring Shanxi tightened coal markets. Shaanxi's Provincial Development and Reform Commission issued a notice calling for stable coal supply through the summer peak demand period.

Coking coal futures in Dalian tumbled as much as 6.2%, the biggest intraday loss since August 2025, after dropping for the first time in four sessions. Prices had rallied to near two-year highs following the fatal blast. Around 70 mines with 85 million tons capacity resumed production in Shanxi, while 65 mines with nearly 70 million tons remain suspended.

Iron ore futures in Singapore rose 0.4% to $100.55 a ton, while dry bulk freight rates on the Baltic Dry Index dropped 2.2% to 2,916 points for the seventh straight session. This divergence shows how the coal supply recovery contrasts with broader shipping market weakness.