Beigang Market Coking Coal Prices Remain Steady

On April 21, the North Port market for thermal coal remained relatively stable. Some coal mines have gradually lowered their prices slightly, and actual market demand is weak, with port transactions sporadic. However, some traders are optimistic about the short-term outlook, believing that the upcoming May Day holiday will lead to increased terminal restocking demand. Coupled with the inverted price of imported coal and no significant price advantage between domestic and foreign trade, overall prices remain firm and stable. Currently, port prices are difficult to predict due to the ongoing tug-of-war between bullish and bearish forces. Attention should be paid to the pace of terminal restocking and changes in port inventories. As of April 20, the combined inventory of the eight ports in the Bohai Rim was 25.49 million tons, an increase of 100k tons compared to the previous day. (My Steel Network)