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The morning import market for Mongolian coking coal is operating under a weak trend.
On the morning of April 1, the Mongolian coking coal import market ran weakly. Futures night trading turned slightly green, market sentiment cooled, and the price of main coking coal at ports fell by nearly 50 yuan/ton. Downstream mainly purchased on demand; inquiries and price checks continued to decline. Port inventories remained at a high level of above 4.2 million tons. Going forward, the extent to which the futures market trend will affect prices in the Mongolian coal market remains to be observed.
As of now at Ganqihuangdu Port: Mongolian 5#原煤1098,蒙5# refined coal 1308, Mongolian 4#原煤1070,蒙3# refined coal 1173, and 1/3 coke raw coal 780; in Hebei Tangshan: Mongolian 5# refined coal 1450; at Ceke Port: Mark A 560, Mark X 650, Oesk A 490, Oesk B 580, South Gobi A 670, South Gobi B 480, and Tila raw coal 550; at Mandula Port: main coking refined coal 850 and gas raw coal 580. All are tax-inclusive cash settlement prices based on the corresponding pickup/delivery locations. (Unit: yuan/ton)
Going forward, key attention will be paid to port regulatory zone inventories, the resumption of coal mines in domestic producing areas, and the impact of fluctuations in domestic hot metal output on trade. (Unit: yuan/ton)(My Steel Network)