Imported Australian thermal coal spot market runs stable with slight strength

On February 27th, the imported Australian thermal coal spot market remained stable to slightly strong. Post-holiday, demand from non-electric end-users remains limited, but supported by firm Australian mine prices, import traders are optimistic about the market outlook due to high costs, leading to a more bullish pricing sentiment. Currently, the Q5500 Australian coal delivery price has been raised to 780 yuan/ton, but end-users have limited acceptance of high prices, and no actual transactions have been reported yet. In the short term, the struggle between cost-driven factors and demand suppression continues, limiting upward price movement. Future focus should be on the pace of resumption of non-electric enterprises and actual procurement releases. (My Steel Network)