On January 22nd, ETT Company in Mongolia conducted an online auction for coking coal. The starting price for Inner Mongolia's 5 # raw coal A15, V28, S1.0, G70, and Mt3 was $111.3 per ton, and all 128,000 tons were sold, with a transaction price of $124.3 per ton, a decrease of $2 per ton from yesterday. The above prices do not include tax. The supply location is the Ganqimaodu Port Supervision Zone in China, and the supply time is 120 days after payment. The final supply time is May 21, 2026.

The article shows that the auction price of ETT Company's coking coal (Mongolian 5 # raw coal) in Mongolia was 124.3 US dollars per ton, a decrease of 2 US dollars per ton (about 1.6%) from yesterday. All 128,000 tons were sold, and the supply period is until May 21, 2026. The decline in this price reflects sufficient supply or weak demand in the spot market, which may be due to the global economic slowdown or cautious purchasing by steel mills, posing negative pressure on the spot price of coking coal. Based on the data of coking coal futures on the Dalian Commodity Exchange (such as the closing price of the main contract 2701 at 1,366.5 RMB/ton, a daily decline of 36 RMB), the decline in spot prices may exacerbate bearish sentiment in the futures market and strengthen the downward trend. As futures prices are driven by expectations of spot supply and demand, they may continue to be weak in the short term.

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