Mongolia's July coal exports drop 11% MoM as holidays shut Customs posts

Exports of coal for all uses from Mongolia to China during July dropped 11.4% from June to reach 9.13 million tonnes, according to the latest data from Mongolia's Customs General Administration (CGA). Almost all Mongolia's coal exports are shipped to China and the five-day closure of Sino-Mongolian border ports in mid-July while Mongolia celebrated its Naadam Festival holiday were mainly responsible for the drop, Mysteel Global notes.

The temporary halt in arrivals also helped ease the pressure of Mongolian coal stocks in China, according to Mysteel's survey. By type, Mongolia's exports of bituminous coal (including both coking and thermal coal types) totaled 8.22 million tonnes last month, down 12% from June. Those of other coal types and