The price of Mongolian coal at coal city express port is still under pressure

According to China coal resources network, the average daily customs clearance volume of Ganqi Maodu port last week was 700-1000 vehicles, and the average number of daily customs clearance vehicles was about 803 vehicles, with the weekly to environmental ratio basically unchanged. Due to the continuous decline in the price of low sulfur resources in the production area and the low demand in the downstream, the price of Mongolian coal at the port is still under pressure. Considering the weak price of Mongolian coal and the high inventory at the port, the recent Mongolian coal traders mainly digest the early inventory. At present, the price of raw coal at the port is generally below 900 CNY/ton. 

According to market news, in November 2019, Shenhua monthly long-term cooperative price (compared with before October 31, 2019): outsourcing 1-5500:570 (down 17); outsourcing 2-5200:538 (down 17); outsourcing-5000:499 (down 19); outsourcing 3-4800:479 (down 18); outsourcing 4-4500:449 (down 17); outsourcing 5-4300:429 (down 16); outsourcing 1-5500:570 (down 17); outsourcing 2-5200:538 (down 17); outsourcing 5000:499 (down 19); outsourcing 3-4800:479 (down 18); outsourcing 4-4500:449 (down 17); outsourcing 5-4300:429 (down 16); special coal price (spot price): November 1-10, 2019 (compared with before October 31, 2019) ultra-low ash: 640 (down 7); Shenyou 1:630 (down 7); Shenyou 2:615 (down 7).

3. According to China coal resources network, some steel mills in Shanxi region have raised and lowered the second round of coke The purchase price is 50 CNY/ton due to the following reasons: on the one hand, the limited production of the steel plants in the North continues at present, and the daily consumption of coke is difficult to be significantly improved; on the other hand, the early purchase of the steel plants is sufficient, and the on-site coke inventory is at a reasonable high level. It is also reported that the purchase of coke (a13s0.7csr57) by mainstream steel enterprises in Shandong Province was reduced by 50, and 1750a from 1740 outside the province arrived at the plant, which was implemented at 0:00 on November 3.