Resumption of coal mines in Changzhi triggers bottom price transaction, slight decrease in imported coking coal prices.

On July 17th, there was an online auction for coking coal in the market of Qinyuan, Changzhi. The starting price for low-sulfur lean coking coal A8.5, S0.4, G60, MT11 was 1780 yuan/ton. 0.4 million tons were sold at the base price, while 1.2 million tons were not sold. The market for imported coking coal from Mongolia was running weak. Futures prices fluctuated slightly, with a weakening trading atmosphere in the market and average transaction conditions. After the Nadam Festival, Mongolian coal supply resumed with over a thousand cars cleared on the first day. It is expected that next week, the clearance will resume at a high level, and there may be expectations of continued stockpiling in the future. The domestic coking coal prices at the production sites are temporarily stable, and the trend of the coal market prices in the future remains to be observed.