Thermal coal prices in Ordos stabilize

Thermal coal prices in Ordos stabilized. Some small- and medium-sized mines suspended or reduced production after meeting annual output targets, leading to tightening supply. Towards the end of the month, there was a small amount of replenishment from civil and chemical industries, while some traders at railway stations made minor purchases also. A few mines saw a slight improvement in shipments, and a few raised prices. However, more remained cautious as top coal mining group kept pressing down purchasing prices for third-party coal and portside prices continued dropping.

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