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Ordos region thermal coal market remains relatively strong
On February 28, the thermal coal market in the Ordos area operated stronger than usual. Idled coal mines resumed production one after another, and overall coal supply levels rebounded steadily. Large groups’ procurement prices continued to rise, further warming market sentiment. The pace of shipments from producing coal mines picked up slightly; coal mines’ sales were doing well, and prices were raised modestly by 5–10 yuan/ton. Current pithead (tax-included) quotes are 510–550 yuan/ton for Q5500, 420–480 yuan/ton for Q5000, and 350–390 yuan/ton for Q4500. (My Steel Network)