Morning: Mongolian imported coking coal market operates on a weak trend

On the morning of February 25th, the Mongolian coking coal import market was generally weak. After the holiday, the number of trucks passing through Mongolian coal ports returned to around 1,000 vehicles, with port inventories accumulating to 4 million tons. Although traders are willing to maintain prices, the increasing sales pressure has led to a downward price trend. Most upstream and downstream companies are currently observing the market. The prices of main coking coal at ports remain unchanged from before the holiday, with only small transactions driven by urgent needs. Downstream inquiries are relatively low, and traders are willing to hold prices, resulting in a quiet market with cautious participants awaiting further developments. The supply and demand situation in the coke and coal market still needs improvement.

Currently at Gankimodo Port: Mongolian 5# premium coal #原煤1006，蒙5# 1227, Mongolian 4# premium coal #原煤980，蒙3# 1100, 1/3 coke raw coal 700; at Tangshan, Hebei: Mongolian 5# premium coal 1390; at Ceke Port: Mark A 540, Mark West 600, Ousk A 460, Ousk B 550, South Gobi A 610, South Gobi B 440, Tula raw coal 550, Bayin low-sulfur fertilizer premium coal 650, Bayin low-sulfur gas fertilizer premium coal 620; at Mandula Port: main coking coal 820, gas raw coal 570. All prices are tax-included cash prices based on the respective delivery locations.

Future focus will be on port regulatory zone inventory levels, domestic coal mine resumption status, and fluctuations in domestic pig iron production and their impact on trade. (Unit: Yuan/ton) (My Steel Network)