Morning imports of Mongolian coking coal market is showing a weak trend.

The Mongolian coking coal import market in the morning of April 7 has been operating weakly. After the first round of coking coal price increases took effect last week, coking plants are willing to continue with a second-round increase. However, steel mills have a strong resistance to the second-round coking coal price hike. In the Mongolian coal (Meng coal) market, prices for hard coking coal in recent days have been constrained by soft end-demand, while thermal coal is supported by rigid demand and remains steady. Port-of-entry traders’ quotes have been stable for now, while downstream enterprises’ inquiries and price-checking have been relatively low, leaving the market with a quiet trading atmosphere.

Currently at the Ganqimaodu Port of Entry: Meng 5#原煤1070，蒙5# coking coal 1259, Meng 4#原煤1050，蒙3# coking coal 1170, and 1/3 coking raw coal 780. In Tangshan, Hebei: Meng 5# coking coal 1465. At the Ceke Port of Entry: Mark A 570, Mark X 650, Aulesk A 490, Aulesk B 580, Nangubey A 670, Nangubey B 480, and Tera raw coal 550. At the Mandula Port of Entry: hard coking refined coal 920 and gas raw coal 580. All are corresponding pick-up-location settlement, inclusive of tax, cash prices. Next, the key focus will be on port regulatory-area inventory levels, the restart status of domestic coal mines in production areas, and how fluctuations in domestic hot metal output affect trade. (Unit: yuan/ton) (My Steel)