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Demand for coal is weak during the slack season recently. Coal mines lower prices amid concerns about increasing inventory. However, buyers adopt wait-and-see approach and any speculative demand ebbs amid bearish sentiment.Crude oil is volatile recently, hit by geopolitical conflict as well as macro
Coal price was expected last week to pullback, but it turned out that the price drop was limited. In some regions, coal price corrected down before rebounding. In Shaanxi and Inner Mongolia, the price of coal for chemical plants rebounded above 1,000yuan/mt delivered. The price rise was a correction
