The imported Australian thermal coal spot market is operating steadily with a slight upward trend.

2026-04-04 01:41:57

On February 28, the spot market for imported Australian thermal coal ran steadily but slightly stronger. After the holiday period, cement enterprises continued to keep their kilns shut; demand from chemical and power-plant customers was released only moderately, and overall non-power procurement remained rather lackluster. Supported by persistently high import costs, traders’ quoted prices stayed firm. The current delivery-at-site quote for Australian coal Q5500 has been raised to 785 yuan per ton, but end users have limited willingness to accept the high price, and market deals were scarce. Looking at the short term, both cost-driven support and demand restraint are present; it is expected that prices will remain in a high-level tug-of-war. Going forward, it will be important to focus on the resumption timetable of non-power enterprises and the extent to which actual procurement demand is released. (My Steel Network)

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