KE fails to auction Mongolian 1/3 washed coking coal for 2nd time (Dec 17, 2024)

On Dec 17, Mongolian miner Khangad Exploration LLC put 12.8 Kt of Mongolian 1/3 washed coking coal (S 0.85%, A 9.5%, VM 28%, GRI 65) for auction at 800 yuan/t on the Mongolian Stock Exchange, delivered to Ganqimaodu border port and exclusive of VAT, down 50 yuan/t from Dec 12. Yet the trade completely failed for the 2nd straight session.

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