ETT lowers starting price of Mongolian 1/3 coking coal auction on Dec 13

On Dec 13, an auction of 512 Kt of Mongolian 1/3 coking coal (S 1.1%, A 23.5%, VM 33%, GRI 70) on the Mongolian Stock Exchange fully settled at $72.6/t after miner Erdenes Tavantolgoi JSC started it at $72.1/t, down $11.2/t from Dec 5, delivered to Ganqimaodu border port and exclusive of VAT. Cargoes should be supplied before Oct 31, 2025 after the payment is done. The miner failed to close the deal for the same-grade cargo on Dec 5.

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