YAL 2.29% $6.26 yancoal australia limited

Ann: 2023 Annual General Meeting Address and Presentation, page-15

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    Another market news is worth considering, Chinese 5500k at Qinghuangdao is trading around RMB825/Mts, considering the hotter than normal weather in the east coast didn't drive up the purchase from the power plants, there must be significant spare capacity in the economy as well as inventory in the power plant. It is very unfavourable for the thermal coal price, as the consumption drives the price heavily.
 
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