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PriceSeek Reminder: Thermal coal CCTD index declines across the board
Business Society March 12 News
On March 11, the CCTD index for thermal coal was 5500CV, 744 yuan/ton(-4); 5000CV, 662 yuan/ton(-4); 4500CV, 572 yuan/ton(-4).
** PriceSeek Analysis**
Thermal coal, bullish and bearish score: -1
In terms of spot prices, on March 11, the CCTD index for thermal coal at 5500CV, 5000CV, and 4500CV all fell by 4 yuan/ton, reporting 744 yuan/ton, 662 yuan/ton, and 572 yuan/ton respectively. This reflects market oversupply or weak demand, exerting moderate bearish pressure on spot prices. The overall decline in prices indicates a weak short-term fundamental outlook, possibly affected by increased inventories or slowing downstream consumption. It is recommended to monitor subsequent supply and demand changes.
【Commodity formula-based pricing principle】 Business Society’s benchmark price is generated based on big data and the Business Society price model as a trading reference price, also known as the Business Society price. It can be used to determine the transaction settlement price for the following two types of demand:
1. Settlement price on a specified date
2. Average settlement price over a specified period
Pricing formula: Settlement price = Business Society benchmark price × K + C
K: Adjustment factor, including account period costs and other factors.
C: Premium or discount, including logistics costs, brand price differences, regional price differences, and other factors.