The morning import market for Mongolian coking coal is trending strongly.

On the morning of April 23, the Mongolian coking coal market was operating on the whole with a relatively strong tone. As the May Day holiday was approaching, end-user enterprises increased purchases ahead of the holiday for just-before-the-fact replenishment, but they still mainly purchased on demand. The Mongolian coal market saw benchmark coking coal quotations for main coking coal move up under the influence of the futures prices, but the actual transaction prices were generally average. Market sentiment rebounded somewhat. Expectations for three rounds of price increases in domestic coke still remain. It is expected that in the short term, coking coal prices will trade with volatility but stay on the stronger side. The subsequent market price trend still needs to be monitored.

Current at Ganqi Maodu port: Mongolian 5#原煤1100，蒙5# refined coal 1247; Mongolian 4#原煤1030，蒙3# refined coal 1150; 1/3 coke raw coal 750: Hebei Tangshan: Mongolian 5# refined coal 1510; Ceke port: Mark A 570, Mark X 650, Ouske A 490, Ouske B 580, South Gobi A 650, South Gobi B 460, Tera raw coal 550; Mandula port: main coking refined coal 930, gas raw coal 580. All are the corresponding delivery-location settlement tax-included cash prices.

Going forward, key focus should be placed on the inventory levels in port regulatory areas, the restart of production at domestic coal mines, and the impact of fluctuations in domestic blast furnace hot metal output on trading. (Unit: yuan/ton)(My Steel Network)