SunSirs: China Thermal Coal Price Rose slightly on January 6
January 07 2022 14:33:34 SunSirs (Selena)
According to the monitoring data of SunSirs, thermal coal rose slightly today. In terms of origin, the supply of thermal coal has been tightened due to the impact of safety inspection near the end of the year, but the supply guarantee policy continues. On the whole, the supply is still relatively loose. In addition, affected by the news of Indonesia's export ban in January, the overall performance of thermal coal market is relatively stable, but a small part rises; In terms of ports, port inventories decreased slightly, which was also affected by Indonesia's export policy, and traders' market sentiment was boosted. However, the downstream still mainly purchases on demand, with a small increase. It is comprehensively estimated that the price of thermal coal will mainly be adjusted slightly, depending on the downstream demand.
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