FLASH: Mongolian coal flows to China set to fall amid holiday port closures

Three major China-Mongolia border ports - Ganqimaodu, Ceke, and Mandula - are scheduled to close over July 11-15 for the Mongolian Naadam holiday. The five-day port closures are expected to reduce border coal stockpiles in the coming two weeks and offer temporary support to Mongolian coking coal prices.

Some Mongolian truckers have already taken early leave for the holiday, according to market sources. Coal truck traffic through Ganqimaodu, the largest gateway for Mongolian coal exports to China, is expected to drop below 600 vehicles per day later this week before coming to a full halt during the