Imported Russian thermal coal spot prices running relatively stable

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On February 14th, the spot prices for imported Russian thermal coal remained relatively stable. With the Chinese New Year approaching, most non-power sector users have entered holiday mode, and the market inquiry atmosphere remains quiet; port spot traders’ quotes remain firm. Currently, the Q5500 Russian coal bottom-of-tank price in Jiangnei is 730 yuan/ton. The forward spot prices for Russian thermal coal are stable to slightly firm. Due to weather impacts, some ports in the Far East are experiencing reduced loading and unloading efficiency, leading to difficulties in shipping Russian coal forward contracts, and market sentiment is cautious, with few actual transactions. The current CFR quotes for Q5500 Panamanian ships are $85/ton, and for Q4600 Panamanian ships are $64/ton. (My Steel Network)

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