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Import Australian thermal coal spot market remains stable for now
On February 6th, the Australian thermal coal spot market remained stable for imports. Currently, Australian miners’ quotes remain firm, and traders face high procurement costs. Limited imported cargoes arriving at ports result in a generally tight supply of sellable resources. End users are not highly motivated to purchase, mainly observing the market and maintaining just-in-time procurement. Overall trading activity is dull, with few actual transactions. Currently, the Q5500 Australian coal pickup price in the market hovers around 755 yuan/ton, fluctuating narrowly. Future developments should closely monitor changes in overseas quotes and actual procurement volumes from end users. (My Steel Network)