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The imported Mongolian thermal coal spot market is operating steadily with a slight upward trend
On May 6th, the import Mongolian thermal coal spot market remained stable to slightly firm. Due to the impact of the May Day holiday port closures, the spot inventory of imported Mongolian thermal coal at the port remains relatively low, and traders holding inventory are quoting with slight increases. Currently, the ex-warehouse quote for weathered coal Q5500 at Ganhomao Du Port is 445 yuan/ton, and the China Coal Q5500 ex-warehouse quote is 535 yuan/ton; at Mandula Port, the Q4800 ex-warehouse quote is 400 yuan/ton, with prices up by 10-15 yuan/ton compared to before the holiday. Going forward, it is important to monitor how changes in domestic coal prices will influence market sentiment at the ports. (My Steel Network)