China's domestic coal prices stabilize with a downward bias

摘要

China's domestic thermal coal prices stabilized with a downward bias in the week ended March 2 following slight drops over the previous two weeks, according to weekly price monitors at Qinhuangdao Port. FOB prices of 5,500 kcal/kg Shanxi coal at Qinhuangdao Port edged down Yuan 5/mt to the range of Yuan 765-775/mt ($116.4-117.9/mt, including the 17% VAT) in the past week. However, FOB prices of Shanxi coal with a heating value of 5,800-6,000 kcal/kg stabilized in the range of Yuan 820-830/mt ($124.75-126.27/mt). FOB prices of 5,000 kcal/kg Shanxi coal also stabilized