Stock pressures to weigh on Mongolian coal prices in China

Piling inventories of Mongolian coal at China-Mongolia border ports are expected to weigh on prices over the rest of November, despite an expected short supply disruption later this week due to port operation halts, Mysteel's latest survey suggests.

Sources report that customs clearance at China's three major border crossings adjacent to Mongolia – Ganqimaodu, Ceke and Mandula – will be suspended for one day on November 21 due to Mongolia's celebration of Genghis Khan's birthday. Yet market players consider its influence on coal shipments to China rather