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Imported Market Thermal Coal Price Performance Remains Strong
On February 27, the import market for thermal coal showed a relatively strong performance. After the holiday, end-users and traders gradually returned to the market. Although the phased replenishment demand from coastal power plants was somewhat released, traders, due to procurement cost pressures, participated less actively than expected, leading to a continued weak demand pattern in the import market. Currently, the base price for Q5500 Russian coal shipped to Panama is around 725 yuan/ton at Beigang, while the base price for Q5500 Australian coal shipped to Panama is approximately 780 yuan/ton at South China regional ports. The base price for Q3800 Indonesian coal shipped to Panama is about 510 yuan/ton at South China regional ports. (My Steel Network)