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Ordos Region Thermal Coal Market Remains Weak and Stable
On February 11, the Ordos region’s thermal coal market remained weak and stable. As the Spring Festival holiday approaches, the number of coal mines suspending production and taking holidays has gradually increased, leading to continued tightening of coal supply. Downstream power plants have completed pre-holiday stock replenishment, only maintaining necessary transportation, resulting in an overall weak supply and demand in the market. However, recently port prices have remained firm, and a few coal mines have seen slight improvements in transportation. Prices at active coal mines are mainly stable with small adjustments. Currently, the tax-included price at Q5500 pithead is 500-560 yuan/ton, at Q5000 pithead is 390-440 yuan/ton, and at Q4500 pithead is 340-370 yuan/ton. (My Steel Network)