On February 6th, the spot prices for imported Russian thermal coal remained relatively stable. Some traders sold off inventory before the New Year, resulting in a small amount of Russian coal spot transactions, but overall, the weak demand situation in the market has not improved. End-users continue to press for lower prices, and coal prices currently lack support. Currently, the cargo hold price for Russian Q5500 coal in Jiangsu is 720 yuan/ton. The long-term spot prices for Russian thermal coal remain weak and stable. Market trading remains quiet, with end-users purchasing high-calorie coal at a slow pace, and demand continues to be weak. Market sentiment is cautious. The CFR price for Q5500 Panama-flag ships is $79/ton, and for Q4600 Panama-flag ships, it is $63/ton.
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The spot prices for imported Russian thermal coal remain relatively stable.
On February 6th, the spot prices for imported Russian thermal coal remained relatively stable. Some traders sold off inventory before the New Year, resulting in a small amount of Russian coal spot transactions, but overall, the weak demand situation in the market has not improved. End-users continue to press for lower prices, and coal prices currently lack support. Currently, the cargo hold price for Russian Q5500 coal in Jiangsu is 720 yuan/ton. The long-term spot prices for Russian thermal coal remain weak and stable. Market trading remains quiet, with end-users purchasing high-calorie coal at a slow pace, and demand continues to be weak. Market sentiment is cautious. The CFR price for Q5500 Panama-flag ships is $79/ton, and for Q4600 Panama-flag ships, it is $63/ton.