MYSTEEL: China's coking coal buyers sidelined amid surging Mongolian coal inflows

Mongolian coal deliveries to China -- mostly coking coal -- have surged rapidly since the beginning of this year, persistently softening the product's pricing power in its sole market as Chinese buyers move to the sidelines amid a loosening supply, Mysteel's latest survey found.

In the first quarter, coal inflows from Mongolia through China's three major border ports all recorded steep rises, climbing to their historical first-quarter highs. Coal shipments to Ganqimaodu in North China's Inner Mongolia – the largest gateway for Mongolian coal exports into China – mounted to 12.56 million tonnes over