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Import Australian thermal coal spot market remains steady with a slight upward trend
On February 12, the Australian thermal coal spot market remained stable with a slight upward trend. Australian mining companies’ quotes continued to stay firm, and traders faced high procurement costs. Coupled with limited imported cargo arrivals, overall market available resources were tight. Imported traders’ expectations for the future market slightly improved under the support of high costs. Meanwhile, non-electric terminal areas in the Guangdong and Guangxi regions gradually entered holiday mode, with overall weak pre-holiday procurement demand and quiet market inquiries. Currently, the Q5500 Australian coal delivery price at the site has slightly increased to around 760 yuan/ton, but actual transactions lack strong support. (My Steel Network)