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In China there are now live streamers selling Shanxi 5500 kcal spot coal at 570-600 yuan/mt.
Some comments on screen say "how do you ship this?" And "how many tonnes for minimum purchase?"
Some comments on screen say "how do you ship this?" And "how many tonnes for minimum purchase?"
If we take these prices as market reflective, then they are already at the floor price of the long term contract price range established by the NDRC.
Just last week they were at the top of that price range. How low can they go?
Just last week they were at the top of that price range. How low can they go?
Just to be clear, this isn't some random livestreamer hopping into the coal sector...It's a coal trading company using livestreaming as a sales channel. There are very few things you CAN'T buy via livestream in China.
Oops, I overlooked that this is mine mouth price (抗口价).
Shanxi 5500 mine mouth target price range for long term contracts is 570-370 CNY/mt, lower than the 570-770 target range used for QHD port 5500.
So it's actually only at the Shanxi 5500 price cap now, NOT the floor.
Shanxi 5500 mine mouth target price range for long term contracts is 570-370 CNY/mt, lower than the 570-770 target range used for QHD port 5500.
So it's actually only at the Shanxi 5500 price cap now, NOT the floor.
I know 99% of the replies here are like "who cares this is a quirky post about selling coal over livestream" but pretty sure the 1% of commodities traders are gonna "well actually" me to tiny bits if I don't correct this. :s
*坑口价 not 抗口价 I'm so ashamed
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