From July 23 to July 29, coal prices in Newcastle, Australia and Three Ports in Europe rose slightly for the second consecutive week, while coal prices in Port Richard, South Africa, fell after a slight increase in the week. International coal prices have generally remained stable and moderately weak, with weak shocks.
According to Qinhuangdao Coal Network Price Center data, as of the week of July 27, Australia's Newcastle port coal price index rose for two consecutive weeks, on the basis of 87.99 US dollars / ton, up 0.42 US dollars / ton to 88.41 US dollars / ton, an increase This was 0.48%. The price of ARA thermal coal in Europe's Sangang Port closed at US$89.86/ton, which was US$0.40/ton higher than the previous price of US$89.46/ton, or 0.45%. The price of thermal coal in Richard Port, South Africa, closed at US$85.65/ton, a slight decrease of US$0.68/ton, a decrease of 0.79%;
Last week, supported by oil prices, international coal prices did not change much, but due to a new round of Chinese delay in receiving goods and renegotiation of forced prices, coal prices are also facing new downside pressure, and Indian buyers delayed delivery because of delays. It is expected that there will be some decline in coal prices in South Africa.
Based on a comprehensive analysis, the international coal prices have shown signs of stabilization in the past two weeks. In July, the price of domestic Qinhuangdao port fell by an average of 14%, while the domestic coal freight rate rose for two consecutive weeks. At present, the price advantage of Australian coal and South Africa's steam coal has weakened, but Indonesia's thermal coal is still attractive to the domestic coal market. It is expected that the impact of imported coal on the domestic coal market may decline in August. In addition, due to favorable factors such as the thermal coal market that has been affected by the hot weather in August or has improved in August and the winter coal storage started in October, it is expected that the thermal coal price will stabilize in the second half of the year and it will enter into a low level shock adjustment. Stage, but does not rule out slight recovery in individual periods.
According to Qinhuangdao Coal Network Price Center data, as of the week of July 27, Australia's Newcastle port coal price index rose for two consecutive weeks, on the basis of 87.99 US dollars / ton, up 0.42 US dollars / ton to 88.41 US dollars / ton, an increase This was 0.48%. The price of ARA thermal coal in Europe's Sangang Port closed at US$89.86/ton, which was US$0.40/ton higher than the previous price of US$89.46/ton, or 0.45%. The price of thermal coal in Richard Port, South Africa, closed at US$85.65/ton, a slight decrease of US$0.68/ton, a decrease of 0.79%;
Last week, supported by oil prices, international coal prices did not change much, but due to a new round of Chinese delay in receiving goods and renegotiation of forced prices, coal prices are also facing new downside pressure, and Indian buyers delayed delivery because of delays. It is expected that there will be some decline in coal prices in South Africa.
Based on a comprehensive analysis, the international coal prices have shown signs of stabilization in the past two weeks. In July, the price of domestic Qinhuangdao port fell by an average of 14%, while the domestic coal freight rate rose for two consecutive weeks. At present, the price advantage of Australian coal and South Africa's steam coal has weakened, but Indonesia's thermal coal is still attractive to the domestic coal market. It is expected that the impact of imported coal on the domestic coal market may decline in August. In addition, due to favorable factors such as the thermal coal market that has been affected by the hot weather in August or has improved in August and the winter coal storage started in October, it is expected that the thermal coal price will stabilize in the second half of the year and it will enter into a low level shock adjustment. Stage, but does not rule out slight recovery in individual periods.
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