MYSTEEL: Will Mongolian coal prices rebound in June?

Mongolian metallurgical coal prices have declined for three months since early March this year, in parallel with the softening trend of coking coal prices in China - the largest buyer of Mongolian coal, weighed down by China's sluggish steel market.

This had led to long-standing losses for Chinese trading houses engaged in coal imports from the neighboring country, and greatly dampened their appetite for the fuel. As a result, Mongolian coal shipments to three major border crossings in China have decreased significantly in May. Through May, daily truck traffic of