On December 15th, the import coal prices were weak, with the Australian Q5500 South China landed price falling to 790 RMB/ton, and the Indonesian low calorie coal reported 439 RMB/ton. The downward trend in domestic coal prices has suppressed foreign mineral quotations, resulting in severe price suppression at the end of the market. This has intensified the risk of traders' inverted bids and led to an increase in the phenomenon of bidding failures. Mongolia ER Company's thermal coal started at 230 RMB/ton, but all bids failed. Market trading was light, and short-term price pressure is difficult to change.

The market trading is light, and short-term price pressure is difficult to change, reflecting oversupply and insufficient demand, which has a significant negative impact on the spot price of thermal coal. It is expected that the price will further decline.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.