Ordos Region Thermal Coal Market Remains Weak and Stable

On March 12, the thermal coal market in the Ordos region saw weak-but-stable operations. Most coal mines maintained normal production levels, and market supply remained fairly ample. Downstream replenishment demand was released in a limited way; at the pithead, overall sentiment of waiting and watching remained strong, though the number of mines offering price cuts gradually decreased. Coal transport from producers was kept normalized; a small number of coal mines showed a slight improvement in shipments, and producer coal prices ran weakly but steadily. As of now, the pithead VAT-included quote for Q5500 is 500-550 yuan/ton, for Q5000 is 420-470 yuan/ton, and for Q4500 is 350-380 yuan/ton. (Mysteel)

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