On January 16, Mongolia's ETT Company conducted an online auction for coking coal. The auctioned product was 1/3 coking raw coal with specifications A9, V28-37, S1.0, G75, and Mt5. The starting bid was $88 per ton, and the total listed volume of 128,000 tons was fully sold at a transaction price of $98.2 per ton, representing an increase of $4.2 per ton compared to the previous day. All prices mentioned are exclusive of taxes. The delivery location is the Ganqimaodu Port customs supervision area, with delivery to be completed within 74 days after payment, and the final supply date is March 31, 2026.

PriceSeek analysis of coking coal, with a long-short score of 1.5: The auction transaction price for Mongolia's ETT Company coking coal reached $98.2 per ton, up $4.2 per ton from the previous day, an increase of approximately 4.8%. The full sale of 128,000 tons indicates tightening market supply and strong demand, which is favorable for spot prices.

Combined with data from the Dalian Commodity Exchange coking coal futures, recent contracts such as 2605 (closing price 1,187.5 yuan per ton, change -11) and 2604 (closing price 1,131 yuan per ton, change -12.5) have shown weak performance. However, this event may boost investor expectations, driving a rebound in futures prices, particularly supporting longer-term contracts (such as those with a supply period extending to March 31, 2026).

Overall assessment: Tight supply and demand in the spot market, combined with the potential for a rebound in futures, significantly supports coking coal prices.