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Import Australian thermal coal spot market remains stable for now
On February 4th, the imported Australian thermal coal spot market remained stable. Procurement activity from non-electricity enterprises in the Guangdong and Guangxi regions remains limited, with some cement companies continuing to suspend operations until after the New Year, resulting in a lag in restarting production. Spot purchase activity is nearly stagnant, and overall demand for high-calorie coal is weak. Market inquiries are quiet, and trading atmosphere is subdued. Currently, the price for Australian coal Q5500 at the port is around 755 yuan/ton with narrow fluctuations, and no actual transactions have been reported yet. Future market trends will depend on the pace of resumption of work by non-electricity enterprises and changes in port inventories. (My Steel Network)