Beigang Market Thermal Coal Prices Slightly Fluctuate and Rise

On April 24th, the North Port Market thermal coal prices fluctuated narrowly and moved upward. Currently, downstream users mainly inquire out of necessity, with limited support for price increases. Meanwhile, traders’ quotes remain firm, supported by high import coal landing prices, seasonal restocking expectations before the holiday, and bullish sentiment, coupled with terminal shipping and long-term contract transportation being relatively active. Port inventories are expected to increase only modestly, so under multiple factors, it is believed that short-term coal prices still have room to rise, and attention should be paid to actual market transactions and changes in domestic and foreign trade price spreads. As of April 23rd, the inventory at eight ports in the Bohai Rim was 25.2 million tons, a decrease of 190k tons day-on-day. (My Steel Network)