A total of 345.6 Kt of coal was listed for auction on the Mongolian Stock Exchange on Dec 26, with an unsold rate of 7%. ER sold 12.8 Kt of 3# washed coking coal at 850 yuan/t, delivered to Ganqimaodu border port, down 5 yuan/t from Dec 24, with a starting price of 800 yuan/t. Yet the miner's 25.6-Kt sub-bituminous coal failed to find a buyer after starting at 230 yuan/t. ETT sold 1/3 coking coal and 5# washed coking coal at $68.4/t (flat from Dec 25) and $132.2/t (-$2/t from Dec 24), respectively. MTO fully settled 115.2-Kt thermal coal at 300 yuan/t DAP Ganqimaodu after starting at the same level.
Mongolian coal e-auction results on Dec 26
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