In the early morning of July 15, the import coking coal market in Mongolia was trading weakly.

In the early morning of July 15, the Mongolian coking coal import market was operating weakly. In the near term, due to the Naadam Conference, expectations of reduced supply from the Mongolian coal market provided some support to the market. However, traders’ willingness to hold firm on prices coexisted with end buyers’ pressure to lower prices, resulting in a generally average trading atmosphere. Prices for prime coking coal showed looseness and fell, and there have already been voices calling for further price reductions. There are also expectations that hot metal output will decline, leaving coal prices with some room to loosen.

Current at Ganqi Huoertuo Port: Mongolian 5#原煤1140，蒙5# premium coal 1386, Mongolian 4#原煤1127，蒙3# premium coal 1220, 1/3 coking raw coal 780.
Hebei Tangshan: Mongolian 5# premium coal 1570.
At the Ceke Port: Mark A 670, Mark X 740, Oeske A 580, Oeske B 680, Nangobiyi A 710, Nangobiyi B 560, Telerra raw coal 550.
At the Mandula Port: prime coking premium coal 1040, gas raw coal 580.
(All figures are the corresponding pickup-location settlement prices, including tax, in cash.)

Going forward, key focus will be on the inventory situation in port regulatory areas, the restart of coal mines at domestic producing locations, and the impact of fluctuations in domestic hot metal output on trading. (My Steel Network)