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Imported Mongolian thermal coal spot market operates temporarily stable
On March 4th, the import Mongolian thermal coal spot market remained stable. This week, downstream procurement was slow, and the domestic market returned to stability. Influenced by this sentiment, port spot prices for thermal coal showed little upward momentum, with most transactions being small, need-based orders. Currently, the ex-warehouse quotation for weathered coal Q5500 at Ganghai Maodu Port is 375 yuan/ton, China Coal Q5500 ex-warehouse is 495 yuan/ton, and Mantuola Port Q4800 ex-warehouse is 355 yuan/ton. In the short term, the price of imported Mongolian thermal coal is likely to remain stable, with future attention needed on how port inventory changes may impact prices. (My Steel Network)