On February 10, the CCTD index for thermal coal was 5500CV at 701 yuan/ton (+3); 5000CV at 621 yuan/ton (+3); 4500CV at 534 yuan/ton (+3).
PriceSeek Analysis
Thermal Coal, Bullish/Bearish Score: 1
The CCTD index for thermal coal at 5500CV, 5000CV, and 4500CV all increased by 3 yuan/ton, indicating that spot market supply is tight or demand is strengthening, which is positive for spot prices. Although the increase is small, overall market sentiment is optimistic, representing a moderate positive, with a score of +1.
【Commodity Pricing Formula Principles】 Business Society’s benchmark price is generated based on big data and the Business Society price model, serving as a trading reference price, also known as the Business Society price. It can be used to determine the transaction settlement prices for the following two types of demand:
1. Settlement price on a specified date
2. Average settlement price over a specified period
Pricing formula: Settlement Price = Business Society Benchmark Price × K + C
K: Adjustment coefficient, including factors such as billing period costs.
C: Premium or discount, including logistics costs, brand price differences, regional price differences, and other factors.
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PriceSeek Reminder: Thermal Coal CCTD Index Rises Across the Board
Business Society February 11 News
On February 10, the CCTD index for thermal coal was 5500CV at 701 yuan/ton (+3); 5000CV at 621 yuan/ton (+3); 4500CV at 534 yuan/ton (+3).
PriceSeek Analysis
Thermal Coal, Bullish/Bearish Score: 1
The CCTD index for thermal coal at 5500CV, 5000CV, and 4500CV all increased by 3 yuan/ton, indicating that spot market supply is tight or demand is strengthening, which is positive for spot prices. Although the increase is small, overall market sentiment is optimistic, representing a moderate positive, with a score of +1.
【Commodity Pricing Formula Principles】 Business Society’s benchmark price is generated based on big data and the Business Society price model, serving as a trading reference price, also known as the Business Society price. It can be used to determine the transaction settlement prices for the following two types of demand:
1. Settlement price on a specified date
2. Average settlement price over a specified period
Pricing formula: Settlement Price = Business Society Benchmark Price × K + C
K: Adjustment coefficient, including factors such as billing period costs.
C: Premium or discount, including logistics costs, brand price differences, regional price differences, and other factors.