MYSTEEL: Mongolian coking coal prices remain under pressure despite rally

Mongolian coking coal prices at China's Ganqimaodu border crossing retreated again this week after a brief, sentiment-driven rebound, as the commodity's supply-demand fundamentals remained weak, Mysteel's data showed.

As of December 23, the price for Mongolian 5# raw prime coking coal (A<18%, V25-30%, S<0.6%, G 80-85, MT<5%) at Ganqimaodu stood at Yuan 965/tonne ($137.6/t), ex-stock with VAT, retreating after a short-lived rally from Yuan 922/t to Yuan 983/t over December 11-19, according to Mysteel's assessment. The rally mirrored