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Ordos Market: Thermal Coal Remains Weak and Stable
On March 30, the Ordos market for thermal coal remained weak and steady, with most coal mines in the region maintaining normal production. Some mines suspended operations for shutdown and maintenance after completing this month’s production targets, resulting in a slightly tighter coal supply. In recent days, market sentiment has cooled somewhat; some downstream users have been cautious about purchasing, and the hauling and transport activity by traders and coal plants has declined. Coal mines have slowed their shipment pace, and over the weekend, pithead prices were lowered in most cases. As of now, Q5500 pithead, VAT-inclusive, is reported at 530-580 yuan/ton; Q5000 pithead, VAT-inclusive, is reported at 440-480 yuan/ton; and Q4500 pithead, VAT-inclusive, is reported at 350-420 yuan/ton. (My Steel Network)