Meanwhile, coal trucking freight dropped significantly as coal truck drivers went back to their positions, along with the release of rail capacity and the decrease of diesel as well as natural gas prices.
Coal trucking freight from Xiaoyi, Shanxi to Rizhao port, Shandong stood at 235 yuan/t, down by 45 yuan/t from the pre-holiday level.
One Yuncheng-based coke firm offered Anze primary coking coal at 1650 yuan/t, ex-washplant with VAT.
Coal trucking freight dropped greatly recently due to unknown reasons and coking coal stocks at mines remained high, he said. "We are not quite sure about the overall coal market situation but what we do know is that low-sulfur primary coking coal is in supply shortage," he added.
An Inner Mongolia-based coke producer said that there are only two to three underground mines in Wuhai and the rest are opencast mines, and more importantly, relevant authorities tried to control production and as a result, coking coal stocks of their company could be used for 7 days only.
A Jiangsu-based coke producer offered the gas fat coal with 2.2% sulfur at 850 yuan/t, down by 40 yuan/t week on week.
Washed coal stocks could be used for a week only, he said.
On March 2, the Fenwei CCI index for Liulin low-sulfur primary coking coal was assessed at 1,640 yuan/t ex-washplant with VAT, unchanged week on week.
The CCI index for primary coking coal in Anze, Shanxi was assessed at 1,660 yuan/t ex-washplant with VAT on the same day, unchanged from the previous week.
(Writing by William Gao Editing by Jessie Jia)
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