Beigang Market Thermal Coal Prices Remain Weak and Steady with Fluctuations

On April 3, the thermal coal prices in the Beigang market were weak, stable, and oscillating. Yesterday, market sentiment was filled with caution. Supported by multiple factors such as maintenance on the Daqin Line, continued depletion of port inventories, and high import-coal costs, some traders held a relatively optimistic outlook for the future; overall, quotations were mainly stable. However, at present, the downstream market’s actual release of incremental demand remains limited, so most participants remain cautious and on the sidelines. Under the combined effect of suppression from the traditional off-season demand and cost support, domestic coal is unlikely to see a big rise or a sharp fall; instead, it mainly trades sideways and oscillates. If the continuous contraction of coal arrivals at ports persists, and downstream replenishment starts in sequence, prices may gradually stabilize and move upward. (My Steel Network)