Latest intelligence on bulk raw materials Macro 1. [Public budget revenue] According to the Ministry of Finance, from January to May, the national general public budget revenue

Demand side: Daily consumption due to temperature rise, demand for replenishment of inventory is evident The weather in East China has turned sunny this week, with

This week, the overall thermal coal market showed a weak and stable stalemate pattern, with supply and demand fundamentals remaining loose and excess, limited price

Latest Intelligence on Bulk Raw Materials Macro 1. [Construction Machinery] China Construction Machinery Industry Association: In May, the monthly operation rate of major construction machinery products in

This week, the price of thermal coal has stopped falling and stabilized, with sufficient supply in the main production areas. However, traders and coal factories

Price trend 1. Origin price 5,500k thermal coal from Jinbei and Ordos: The pithead price ranges from 470-410 RMB/ton, showing a continuous downward trend. Daily decline: 5-10 RMB/ton; Weekly

Market price On May 8th, the market price of thermal coal (non power plant flow) in northern ports was 5,500CV, 649 RMB/ton (-3); 5,000CV， 569 RMB/ton

The reference spot price for CCTD Bohai Rim is 650 RMB/ton (-2 RMB) for 5,500 kcal, 593 RMB/ton (-1 RMB) for 5,000 kcal, and 523

Price trend Recently, the coal price at 5,500 kcal ports has been reported at 671 RMB/ton, a year-on-year decrease of 152 RMB/ton, and a significant decline

1. Port market quotation Northern ports (5500 kcal): The price range is 730-750 RMB/ton, which maintains a narrow range of fluctuations compared with the previous period. Reason

Port market dynamics Quotation situation: On March 26th, the market quotation for 5,500 kcal coal was 675-680 RMB/ton, 5,000 kcal coal was 580-585 RMB/ton, and 4,500

This week, the thermal coal market has shown a clear downward trend. In the Beigang thermal coal market, the transaction price range for 5,500 kcal

Price: The overall thermal coal price remained at a relatively low level this week. Specifically, both the long-term contract price and futures price of thermal coal

After the Spring Festival, coal mines resumed production faster than downstream demand, coupled with high inventory suppression in ports and power plants, exacerbating market oversupply,

Recently, the price of thermal coal has experienced a continuous and significant decline. From mid November 2024 to February 21, 2025, the closing price of

Market dynamics of origin Yulin and Ordos: Market trend: slight increase Supply situation: Most coal mines have resumed work, but production is abnormal and overall supply is limited Change

1. Market dynamics Price trend: Northern port thermal coal quotation: On February 11, 2025, the price of 5,500 kcal thermal coal is 760 RMB/ton. The quoted

According to data from January 2025, the long-term contract price for thermal coal is approximately 693 RMB/ton, a decrease of 3 RMB/ton month on month

1. Market price Qin Port Closing Price: The closing price of thermal coal in Qin Port is 768 RMB/ton, an increase of 1 RMB/ton or 0.13%