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Morning imports of Mongolian coking coal market operates on a slightly strong trend
On the morning of April 22nd, the imported coking coal market in Mongolia was operating on a relatively strong trend. Recently, increased import volumes combined with terminal replenishment have caused the short-term supply and demand balance of Mongolian coal to be somewhat loose. The rise in futures prices has driven up the prices of main coking coal, and market sentiment has warmed. The domestic coke market still expects three rounds of price increases. It is expected that the short-term coking coal prices will fluctuate and remain relatively strong, but the future market price trend still needs to be observed. Currently at Ganhui Maodou Port: Mongolian Grade 5 raw coal 1080, Mongolian Grade 5 washed coal 1247, Mongolian Grade 4 raw coal 1030, Mongolian Grade 3 washed coal 1150, 1/3 coke raw coal 750; at Tangshan, Hebei: Mongolian Grade 5 washed coal 1510; at Ceke Port: Mark A 570, Mark West 650, Ousk A 490, Ousk B 580, Nango Bi A 650, Nango Bi B 460, Taila raw coal 550; at Mandula Port: main coking washed coal 930, gas raw coal 580; all are tax-included cash prices settled at the respective pickup locations. Going forward, key focuses include inventory levels in port supervision zones, domestic coal mine resumption status, and the impact of fluctuations in domestic pig iron production on trade. (Unit: yuan/ton) (Mysteel)