On November 3rd, the CCI index of thermal coal was 5,500 kcal, 779 RMB/ton (+6); 5,000 kcal, 683 RMB/ton (+5); 4,500 kcal, 592 RMB/ton (+5).
The CCI index of thermal coal has risen across the board, with 5,500 kcal up 6 yuan to 779 RMB/ton, 5,000 kcal up 5 yuan to 683 RMB/ton, and 4,500 kcal up 5 yuan to 592 RMB/ton, showing significant increases. This indicates that the supply and demand structure of the spot market is relatively tight, with the peak season of winter heating demand driving an increase in consumption, and may also be affected by disturbances from the coal supply side. The comprehensive upward trend in prices has strengthened the market's bullish expectations, providing significant positive support for spot prices. It is expected that short-term spot prices will maintain a strong operation.
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