Bullish outlook for coking coal market in East China
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According to the China Phosphorus Coal Industry Network, coal prices for coking coal in the East China region remained stable this week, with inventory levels at major coal mines being very low, almost zero. Sales are performing well, and it is expected that they will continue to improve in the future. This week, the East China coal consortium, which mainly consists of mainstream coal mines, held a meeting to discuss prices. It is reported that the prices of mainstream coal mines in East China will increase by 80-100 yuan per ton in September, with the exact amount to be determined at the end of the meeting.
It seems that coal prices will keep rising