ER fails to sell Mongolian 3# washed coking coal again

On Apr 10, 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 the starting price at 800 yuan/t, delivered to Ganqimaodu border port and exclusive of VAT, flat from Apr 7. The trade completely failed, marking a failure for the 2nd consecutive session.

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