Beigang Market Thermal Coal Quotes Maintain Steady Operations

On March 3rd, the North Port Market thermal coal prices remained stable. Spot traders’ willingness to sell has increased, but the availability of high-quality spot goods at ports is tight. Traders’ quotes remain firm, and their willingness to sell at low prices is relatively low. Demand has not shown significant improvement, with few inquiries and price negotiations. Pricing is still mainly driven by downward pressure, and there is still a gap between asking prices and inquiries. Transaction performance is not ideal, and the market should continue to monitor port inventory depletion rates and actual transaction conditions. As of March 2nd, the inventory at the eight ports in the Bohai Rim was 23.54 million tons, an increase of 260,000 tons compared to the previous day. (My Steel Network)

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