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What does the pit price mean?
The price set at the mine or mine mouth at the time of transaction.

Pit price refers to the price determined when trading in a mine or mine. There is also the price of coal itself, excluding other fees and additional fees, agency fees, platform fees, loading fees, household loan fees, and energy funds. Pit price, also known as ex-factory price or ore price, is an important concept in coal trading. In coal trading, there are other price concepts besides pit price, such as car price, closing price and site price.