ER fails again to auction Mongolian 3# washed coking coal on Dec 13

On Dec 13, Mongolian miner Energy Resources LLC put 12.8 Kt of Mongolian 3# washed coking coal (S 0.85%, A 11%, VM 20-28%, GRI 75) for auction on the Mongolian Stock Exchange, with starting price at 1,000 yuan/t, delivered to Ganqimaodu border port and exclusive of VAT, flat from Dec 12. The trade completely failed for the 23rd consecutive session since Nov.

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