Beigang Market's thermal coal prices remain stable for now

On June 5th, the North Port Market thermal coal prices remained stable for the time being. The market sentiment is strongly cautious, with end-users' actual purchasing demand weak, port inventories continuing to slightly accumulate, and traders' willingness to sell being relatively strong. Inquiries and price quotes are mostly accompanied by index declines, and the trading atmosphere appears quiet, with some transaction prices slightly softening. Some market participants still have relatively high expectations for the overall summer, believing that short-term coal prices have limited room for correction. If port inventory depletion remains optimistic in the latter part of the month, the market trend will gradually become clearer. As of June 4th, the inventory of eight ports in the Bohai Rim was 27.33 million tons, an increase of 150k tons compared to the previous day. (My Steel Network)
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