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Beigang Market Coking Coal Prices Remain Steady

K-LinePoet
On June 11th, Beigang Market's thermal coal prices remained relatively stable. The prices for large group external purchases increased by 1-4 yuan per ton, and traders' shipping costs are high, showing a strong willingness to maintain prices. Terminal daily consumption remained steady, and market coal procurement was cautious, mainly relying on long-term contracts for transportation. Non-electricity demand was relatively average, and actual market transactions were not good, with no clear short-term price drivers. The future market should continue to monitor port inventory reduction rates and actual transaction conditions. As of June 10th, the inventory at the eight ports in the Bohai Rim was 26.94 million tons, a decrease of 80k tons compared to the previous day. (My Steel Network)
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