B · Normal
[The three major ports were closed for 7 consecutive days during the National Day, and the bidding for coking coal from the origin fell across the board] According to the bilateral agreement between China and Mongolia, the three major ports will be closed for 1 day on the Mid-Autumn Festival on September 25, and for 7 days during the National Day period from October 1 to 7, and will resume customs clearance on October 8. Recently, customs clearance at Mongolian coal ports has remained low, import supply continues to tighten, and inventory reduction is expected to be strong. On the supply side, although the market supply is expected to be loose in the near future, the overall supply of coking coal is still relatively tight. The actual increase in the short term is limited, market sentiment continues to be weak, and the online auction failure rate continues to be high. The average transaction price of Changzhi Qinyuan low-sulfur lean coking coal was 2,353 yuan/ton, down 47 yuan/ton. (My Steel Net)
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