# China steel and coal market price declines > Developing situation record from CLSTR: https://clstr.news/situations/china-steel-and-coal-market-price-declines > Updated: 2026-11-05T01:40:51.000Z. Sources: 16. Developments: 2. In late October 2026, Chinese steel and raw material markets experienced downward trends. Coking coal prices fell by 3.7 percent to 1,427.5 yuan per ton in the Dalian commodity exchange, while metallurgical coke decreased by 1.8 percent. Although iron ore contracts saw a marginal increase, analysts suggested this was insufficient to signal a trend reversal. Prices for rebar and hot-rolled coil in the Shanghai futures market also faced pressure. By early November 2026, coal prices continued to decline, marking a period of poor performance attributed to falling oil prices and weakened demand. As oil and coal act as substitute commodities, the drop in global crude oil prices impacted the market. In China, the coking coal market showed no signs of recovery due to seasonal demand weakness and cautious buyer behavior. A slowdown in steel demand, characterized by reduced liquid iron production and coke plant activity, further pressured the market. While futures contracts for Chinese coking coal closed lower, some analysts suggested further price drops might be limited because many coke plants were facing losses and maintaining low inventory levels. ## Timeline ### 2026-11-05: Gold prices surge as Antam rates hit Rp2,565,000 per gram Antam gold prices in Indonesia rose to Rp2,565,000 per gram on November 6, 2026, following a global surge in gold prices driven by US political shifts and a weakening dollar. 16 sources. https://clstr.news/cluster/coal-prices-drop-for-three-consecutive-days-amid-falling-oil-demand ### 2026-10-25: China steel and coking coal prices decline amid market caution Chinese steel products and coking coal prices declined in late October 2026, as market caution persists despite minor gains in iron ore. 2 sources. https://clstr.news/cluster/china-steel-and-coking-coal-prices-decline-amid-market-caution --- Cite as: China steel and coal market price declines. CLSTR, https://clstr.news/situations/china-steel-and-coal-market-price-declines