Ordos thermal coal prices pressured by local sluggish demand (Dec 17, 2024)

Ordos thermal coal prices were pressured by local sluggish demand. One local mine cut prices of chemical coal (CV 5,700, S 0.4%) by 5 yuan/t to 605 yuan/t, mine-mouth with VAT. Several mines cut or suspended production after completing annual output goals, while most mines have lowered their prices to intra-year lows. Coal stocks at some mines lingered high amid unsmooth sales.

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