Thermal coal prices in Ordos remain steady

Thermal coal prices in Ordos remained steady. There was a small uptick in rigid demand as some end-users stocked up, and the number of coal trucks slightly increased. The growing number of mines entering maintenance shutdowns as the year ends led to tightening coal supply. Coal mines were increasingly inclined to hold prices, with a few mines raising prices by 5-10 yuan/t. However, after the price hikes, some buyers showed limited acceptance.

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