This week (June 2-June 6), the overall online auction in Mongolia will be unsuccessful. According to Mysteel statistics, there are 4 companies in Mongolia participating in online auctions this week, with a total of 428,800 tons listed, an increase of 12,800 tons from last week and a transaction volume of 44,800 tons, an increase of 44,800 tons from last week and an unsold number of 384,000 tons, a decrease of 32,000 tons from last week, and an unsold proportion of 89.55%, a decrease of 10.45% from last week. The specific transaction situation is as follows:
There are 4 types of coking coal coal that participated in the online auction this week. The coal type with the largest listed volume is weathered coal. ETT company listed a total of 172,800 tons of weathered coal in four markets, with a total of 32,000 tons of transactions of US$34.9/ton and a transaction of 12,800 tons of US$35/ton. The same company listed 32,000 tons of 1/3 coke raw coal, with a starting price of US$65.4/ton, but all failed to sell.
Xiao TT Company listed the starting price of 51,200 tons of Mongolia 4# raw coal, and all failed to sell.
ER company listed Meng 3# fine coal with a total amount of 38,400 tons, starting price of 750 yuan/ton, and all of them are still unsold this week. According to Mysteel statistics, since the beginning of 2025, as of June 6 this Friday, ER Company has listed 64 Mongolian 3# fine coal, with a total of 819,200 tons, of which 3 transactions were sold at 800 yuan/ton, totaling 38,400 tons. The starting price has been lowered five times since the beginning of the year, with a decrease of 50 yuan/ton, and a cumulative reduction of 250 yuan/ton. The current starting price is 750 yuan/ton, and the total auction has been failed for 5 games, totaling 64,000 tons.
The same company listed the starting price of 96,000 tons of ER China Coal is 350 yuan/ton. As of now, the total number of unsold games has been lost, with a total of 1.0752 million tons. The starting price has been reduced by 100 yuan/ton since the unsold game, and all the games have been lost since 2025. The starting price has not been adjusted since April 14.
KH Company listed 25,600 tons of China Coal and Cleaning starts at 350 yuan/ton, but all failed to sell. The starting price of 12,800 tons of 1/3 coke fine coal has been sold at 600 yuan/ton. Since the transaction was sold at 605 yuan/ton on May 23, it has been sold at 605 yuan/ton for two consecutive games.
The overall Mongolian e-check auction market is still in a state of continuous weak operation this week. According to Mysteel statistics, as of June 6, 2025, the Mongolian mining company listed 306 events in 2025, totaling 11.5328 million tons, of which 51 were sold, totaling 2.1056 million tons, and 255 cases failed to sell, totaling 9.4272 million tons, with a failed to sell ratio of 81.74%. In May, the Mongolian Mine Group listed 61 games, totaling 1.6896 million tons, and 57 games failed to sell, totaling 1.6384 million tons, with a failure to sell ratio of 96.97%.
The Mongolian coal auction market showed a bottom fluctuation characteristic this week, and thermal coal rebounded in some parts, but coking coal demand has not yet bottomed out. ER's main coke fine coal and ER China Coal continue to fail in full swing, and the market response is cold. KH Company's 1/3 coke fine coal was also sold at 605 yuan/ton on May 23, and has now failed to sell for two consecutive games. It is worth noting that ETT's weathered coal achieved a slight breakthrough on June 6, with the listing volume of 32,000 tons at US$34.9/ton and the listing volume of 12,800 tons at US$35/ton, a slight increase of 0.3-0.4/ton from the starting price, becoming the only transaction case this week, indicating that there is obvious volatility in market demand. According to historical data from ER company Meng3# fine coal, it has only been sold at 800 yuan/ton in 64 auctions since the beginning of the year, and the proportion of unsold auctions of 819,200 tons has reached 95.31%. The starting price of this coal type has been reduced by 200 yuan/ton since the beginning of the year and maintained at 800 yuan/ton for three and a half months. It shows that the price adjustment space is close to the limit. It continued to be reduced by 50 yuan/ton to 750 yuan/ton this week, but it still failed to sell.
From May to early June 2025, the market price of imported coking coal in Mongolia showed a continuous downward trend, mainly affected by multiple factors such as loose supply and demand structure, weak terminal demand and pessimistic market sentiment. Taking the main ports as an example, the price of Meng 5# raw coal at Ganqimaodu Port dropped from 830 yuan/ton on May 7 to 705 yuan/ton on June 6, a cumulative decline of 15.06%. The price of Meng 5# fine coal in Wubulangkou Jinquan Industrial Park dropped from 1,030 yuan/ton to 893 yuan/ton, a decrease of 13.3%. The prices of all coal types are showing a week-by-week decline, reflecting the continued decline in market transaction centers.
In the short term, the coal prices in Inner Mongolia fell rapidly. Although traders were interested in supporting the price, terminal steel mills and coking companies were seriously under pressure, and they could only ship at low prices due to inventory pressure. Moreover, the entire market is now cautious in purchasing, and the port inventory is still accumulating. The latest inventory data of Ganqimaodu Port Supervision Area is 4.1316 million tons.
