COAL: Poland’s JSW Confirms 2025 Coal Target of 13 mn/t

Oct-01 08:49

Poland’s JSW reaffirmed its 2025 coal output target of over 13 mn/t after producing 6.2 mn/ t in 1H25, despite mine incidents set to cut 450,000t, the firm said, cited by ISB News.

  • Deputy President Adam Rozmushree said that one-off incidents at JSW mines in 2025, including the Borynia-Zofiowka mine accident in September, will weigh on output in 2025-26.
  • Additionally, hard coal sales in Poland totalled 3.18 mn/t in July 2025, up from 3.06 mn/t in June but down from 3.29 mn/t in July 2024, data from ARP show.
  • While, net hard coal production reached 3.56 mn/t, compared with 3.09 mn/t in June and 3.63 mn/t in July 2024.
  • Polish coal stocks at the end of July stood at 5.65 mn/t, slightly up from 5.4 mn/t in June and almost unchanged from 5.64 mn/t in July 2024.

Historical bullets

STIR: Danske Recommend Paying June '26 Vs. Dec '25 & Dec '26 ECB On Fly

Sep-01 08:39

Danske Bank recommend tactically paying the June ‘26 ECB meeting vs. receiving the Dec ‘25 and Dec ‘26 meetings on an ECB-dated OIS fly structure.

  • They note that their “baseline is for the pricing of additional rate cuts from the ECB to move closer to zero as the economy has proven surprisingly resilient and downside risks to the outlook have faded. However, the prospects of inflation moving below 2% and wage indicators remaining soft also dampen the likelihood of the ECB kicking off rate hikes in late ‘26”.

MNI: UK AUG MANUF PMI 47.0 (47.3 FLASH, 48.0 JUL)

Sep-01 08:30
  • MNI: UK AUG MANUF PMI 47.0 (47.3 FLASH, 48.0 JUL)

MNI: UK JUL M4 MONEY SUPPLY +0.1% M/M, +2.9% Y/Y

Sep-01 08:30
  • MNI: UK JUL M4 MONEY SUPPLY +0.1% M/M, +2.9% Y/Y