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The morning import market for Mongolian coking coal is trending strongly.
In the morning of April 21, the market for Mongolian coking coal at the import front was operating relatively strongly. The upward move in the futures market boosted overall market sentiment, and port traders’ quotations rose in tandem. Downstream buyers remained cautious in procurement, but molten iron prices stayed at a high level; immediate demand remained strong. It is expected that in the short term, coking coal prices will trade with fluctuations but remain relatively strong. The subsequent price trend will be subject to market observation.
Currently at the Ganqi Maodu Port: Mongolian 5#原煤1076，蒙5# refined coal 1220, Mongolian 4#原煤1015，蒙3# refined coal 1140, 1/3 coke raw coal 750.
Hebei Tangshan: Mongolian 5# refined coal 1475.
Ceke Port: Mark A 570, Mark X 650, Osk A 490, Osk B 580, Nango Bi A 650, Nango Bi B 460, Tila raw coal 550.
Mandula Port: main coking refined coal 930, gas raw coal 580.
All prices are cash prices including tax, settled at the corresponding loading/delivery locations.
Going forward, key focus will be on port regulatory area inventory levels, the restart/recovery status of domestic coal mines, and how fluctuations in domestic molten iron output affect trade. (Unit: yuan/ton)(My Steel Network)