Mongolia delays opening China border for coal exports
Mongolia has extended its ban on coal exports for a second time as the number of coronavirus cases within the country increases.
The first deadline for the border to reopen was 3 March, before being delayed to 15 March late last month. The next rescheduled reopening could potentially be on 1 April. But the deadline could be advanced or delayed further depending on the situation, importers of Mongolia coal said.
Disinfection and other security facilities at Mongolia's highway ports of Xiberkulun and Gashun Suhaitu are only sufficient for a maximum of 400 vehicles daily. Authorities have also ordered that coal transport vehicles must return on the same day to minimise any potential exposure risk to the coronavirus.
While coking coal buyers in China have been looking forward to the return of Mongolian coal exports, their domestic supply tightness has also greatly eased this month. Many coal producers have been able to restart work and gradually increase production.
Prices of some lower grade coking coal brands produced in the Anze region of north China's Shanxi province have fallen by 100-130 yuan/t ($14.30-18.60/t) as of today because of weaker met coke prices and poor sales of coal inventories.
"Unless the export ban keeps getting delayed indefinitely, we expect the improvement in domestic coal supply will be able to absorb much of the current coal demand from China, especially with the steel outlook still remaining weak," a Beijing-based trader said.
By Rou Urn Lee
source: Argus Media
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
