FLASH: Major China-Mongolia border ports reopen, coal stocks slump

Three major China-Mongolia border ports -- Ganqimaodu, Ceke, and Mandula -- reopened on July 16 following their five-day closure due to the Mongolian Naadam Festival, yet Mongolian coal availability -- mostly coking coal -- at these ports still needs some time to recover, Mysteel learns.

Mongolian coal shipments through these border crossings are expected to remain low in the coming days, as many Mongolian truck drivers have yet to return to work from the holiday, market sources revealed. Mongolia extended the holiday for the festival to eight days this year, from July 10 to