Beigang Market Thermal Coal Prices Steady with Slight Strength

On February 12, the North Port Market thermal coal prices remained stable with a slight upward trend. The purchase prices from large groups increased by 4-16 yuan/ton. Yesterday, some market quotes rose by 5-10 yuan/ton. Port inventories continue to decline, and with high-quality spot coal sources in short supply, spot traders are reluctant to sell and are holding onto their stocks. Downstream inquiries and price checks are generally moderate, with urgent demand pushing the transaction focus higher. Market participants are generally optimistic about prices. The future trend will depend on the speed of port inventory reduction and actual transaction volumes. As of February 11, the combined inventory of the eight ports in the Bohai Rim was 22.77 million tons, a decrease of 380,000 tons day-on-day. (My Steel Network)