International three-port thermal coal price fell across the board in February
In February, the international three-port thermal coal pricefell across the board. According to the latest data from China Coal MarketNetwork, as of March 1, Australia's Newcastle Port thermal coal price index was96.04 yuan / ton, down 3.46 US dollars / ton from February 1, a decrease of3.48%; South Africa Richards Port thermal coal The price index was 82.05 USdollars / ton, down 6.39 US dollars / ton from February 1, a decrease of 7.23%;the European ARA three port market thermal coal price index was 69.75 USdollars / ton, down 7.79 US dollars / ton from February 1. The decline was10.05%.
According to the analysis, at the beginning of February,during the Chinese New Year holiday, the factories stopped production and thedemand for coal consumption was suspended. After the Spring Festival holiday,domestic terminal stocks are basically sufficient, and the demand for importedcoal is limited. Recently, Chinese coal dealers have reduced their purchases ofAustralian coal, while purchases of Indonesian and Russian coal have increased,and the price of thermal coal in Newcastle, Australia has been under pressure.In February, domestic coal supply in India was acceptable, demand for importedSouth African coal decreased, and coal prices in Richards Port in South Africafell. In February, the temperature in Europe was mild, and the demand for coalhad not improved. However, the spot supply in the thermal coal market wasexcessive. Therefore, the price of thermal coal in Europe's three ports fell.
