MYSTEEL: Holiday closure to clip Mongolian coal shipments to China

Coal shipments from Mongolia to China are expected to drop significantly in the short run, as the three major China-Mongolia border crossings Ganqimaodu, Ceke, and Mandula are scheduled to close for the Mongolian Naadam Festival over July 11-15. Also, the e-auction system on the Mongolian Stock Exchange will be inaccessible over July 11-17, Mysteel Global has learned.

Operations at the three border crossings will only run for half a day on July 10, the last workday before the five-day festival, to clear backlog of trucks. Mongolian drivers will be arranged to return home this afternoon, Mysteel learned from sources. It is estimated that daily coal truck traffic