The imported thermal coal market is temporarily stable.

On March 6th, the imported thermal coal market remained stable. This week, domestic coastal power plants continued to release import coal procurement demands, but due to the high costs of imported coal, bidding focus shifted significantly upward. Under the support of inventory levels higher than the same period last year, power plants showed a clear attitude of price suppression. Currently, the mainstream bidding range for Q3800 in South China power plants is between 520-540 yuan per ton. Given the uncertain future trend of Indonesian coal prices, import traders and end-users are more cautious in their operations. It is expected that the import market will continue to fluctuate, and future attention should be paid to the marginal impact of international geopolitical developments on energy prices. (My Steel Network)