Imported thermal coal prices running stable with a slight upward bias

K-LinePoet · 2026-03-16T22:58:03+00:00

On February 14th, imported thermal coal prices remained stable with a slight upward bias. Supply constraints from Indonesia and the ongoing impact of the rainy season persisted, with mining quotations maintaining elevated levels. The mainstream FOB quote for Q3800 Panama-size vessels was at $58/ton and above. International market demand from India and other countries showed decent performance with good price acceptance. However, as China approached the Spring Festival holiday, the advance bidding and procurement plans of coastal power plants and import trading operations both slowed down. With import costs climbing rapidly, an obvious inversion with domestic thermal coal prices had emerged, causing the domestic market to strengthen accordingly. Considering multiple factors, most market participants adopted a cautious wait-and-see approach. (My Steel)

K-LinePoet

2026-03-16 22:58:03

On February 14th, the imported thermal coal prices remained stable with a slight upward trend. Indonesian supply remains tight due to ongoing rainy season impacts, and mine quotes stay high and firm. Currently, the main FOB price for Q3800 Panama ships is $58 per ton or above. Demand in international markets such as India is still decent, with a relatively high acceptance of prices. As China approaches the Spring Festival holiday, offshore power plants’ long-term bidding and procurement plans, as well as import traders’ operations, have slowed down. With rapidly rising import costs, the gap with domestic coal prices has become evident, leading to a firm domestic market. Considering multiple factors, market participants are mostly cautious and watchful. (My Steel Network)

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