Beigang Market Coking Coal Prices Remain Steady

On May 9th, the Beigang Market thermal coal prices remained relatively stable. Currently, market sentiment has slightly declined, and traders’ price increases have narrowed. Some still expect terminal replenishment and warming, and the prices of low-sulfur premium coal types remain high. Some believe there is no real support for coal price increases, and willingness to sell has slightly increased; downstream continues to transport under long-term contracts, with only a few inquiries still pressuring prices, and acceptance of high prices remains low. Overall, market prices are stuck at high levels, and transactions are scarce. The future market should continue to monitor the port inventory reduction rate and actual transaction conditions. As of May 8th, the inventory at the eight ports in the Bohai Rim was 25.84 million tons, a decrease of 10k tons day-on-day. (My Steel Network)