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Import Mongolian thermal coal spot market remains stable with a slight upward trend
On February 25th, the spot market for imported Mongolian thermal coal remained stable with a slight upward trend. The domestic market continued its pre-holiday rally, with prices steadily rising, boosting the confidence of import traders at ports. Currently, the quoted price for weathered coal Q5500 at Gankimado Port is 375 yuan/ton, China Coal Q5500 at 490 yuan/ton, and Mantuola Port Q4800 at 350 yuan/ton. In the short term, if domestic coal prices continue to rise or end-users increase stockpiling, port coal prices are expected to rise further. Future attention should be paid to domestic price trends and end-user demand release. (My Steel Network)