Mongolia-based miner Mongolian Mining Corporation (MMC) has announced that it has entered into a joint venture agreement with China-based coke producer Risun Mining for the joint transportation, sale and distribution of coal produced by MMC. MCC and Risun will respectively hold 51 percent and 49 percent in the joint venture company named Tianjin Zhengcheng Import and Export …
Coal for coking purposes has soared despite declines in iron ore values attributed to Chinese steel-makers abiding by a government directive to …
The Steel Index's reference price for premium coking coal was $314.0/mt FOB Australia Thursday, a one-week increase of 48.6%. Its reference price for hard coking coal jumped even more – by 63.3% to $264.50/mt same basis. Spot demand appeared to be varied this week with different parts of the world procuring materials.
In Q4 of 2020, China's General Administration of Customs verbally directed state-owned utilities and steel mills to stop importing coal from Australia. The ban on Australian coal started in October and affected exports of thermal and coking coal, which fell from 2.5 million tonnes in October to zero in December.
Forward curves show 5-8% gains in coking coal prices, which the broker believes is a reasonable outlook. Australian hard coking coal has rallied since mid May, Morgan Stanley also notes, as China's coal shortage and elevated steelmaking margins push domestic coke and metallurgical coal prices to multi-year highs.
Subscribe to CCI Daily for the latest updates on China's domestic and import thermal coal, coking coal and coke markets, Fenwei CCI indexes and other data on daily basis.Learn more >> Or China Coal Weekly for weekly commentaries on thermal coal, coking coal and coke markets, industry highlights, together with the Weekly Supplement in Excel for the most closely watched Chinese coal …
Mongolia is China's largest overseas supplier of coking coal, which is mainly sold to coke plants and steelmakers in North and Northwest China. The ban on Mongolian coal exports has caused work at wash plants at the border to be suspended and even disrupted production at steel plants, Mysteel Global understands.
China's neighbour Mongolia has become its biggest supplier of coking coal, meeting 61.7% of imports in the first two months of this year, up from …
Almost all of Mongolia's coking coal is exported to China, which imported 64.2 million mt of coking coal in 2018 of which Mongolian coal imports accounted for 43% of the total volumes. From January-July 2019, China imported 44 million mt of …
China's monthly imports of coal fell by 7 per cent to 28.05 million tonnes in August, according to Chinese customs data released on Tuesday. Australia's exports of both thermal and coking coal make up a big percentage of China's coal imports, …
9 Weekly China coking coal market analysis and forecast . China's coking coal market witnessed general rises of coal prices during the past week, with low-sulfur primary coking coal in Shanxi and fat coal in Wuhai of Inner Mongolia both rebounding, and blend
Subscribe to CCI Daily for the latest updates on China's domestic and import thermal coal, coking coal and coke markets, Fenwei CCI indexes and other data on daily basis.Learn more >> Or China Coal Weekly for weekly commentaries on thermal coal, coking coal and coke markets, industry highlights, together with the Weekly Supplement in Excel for the most closely watched …
Mongolia has paid a total of CNY4.4bn in interest to China on the debt and it is expected to pay CNY594mn in interest in 2021. As of November 25, Fenwei Energy's Mongolian washed coking coal price index rose 20 yuan to 1,080 yuan per tonne from a week earlier. The price of raw coal rose by 20 yuan to 880 yuan.
Chinese steel mills and power stations have started buying more coal from Mongolia after Beijing imposed a ban on imports from Australia, but price, quality and logistical difficulties mean it will not be easy for some users to make the switch.While politics might have played a role in the decision to shut off Australian coking and thermal coal, the practical difficulties in doing without it ...
Mongolian coal exports to China last month rose 58.9 percent from a year ago to 3.71 million tonnes, the customs data showed. Russian exports increased 41.7 percent to 2.57 million tonnes. Supplies from Australia, China's largest coal supplier, rose 6.8 percent from a year ago to 6.35 million tonnes in June, the data showed.
Mongolia is planning to cancel China coal-supply contract, and has delayed Tavan Tolgoi's IPO. Problems at the world's largest coking coal mine escalate - MINING.COM
China has announced plans to scrap its coal-electricity price linkage mechanism from next year in a bid to keep raw material and electricity prices low. "Imported coal is always cheaper than domestic cargoes, so if there's no restrictions, import volumes will keep increasing," a …
But following reforms in China this year to rein in overproduction, and growing demand in Asia Pacific, coal prices soared. In November, Reuters reported premium coking …
SouthGobi to halt output at Ovoot Tolgoi coal mine in Mongolia Thursday, 28 June 2012 17:34:37 (GMT+3) | Toronto-listed coal producer SouthGobi Resources has said it will stop production at its Ovoot Tolgoi coal mine in Mongolia by the end of this month, amid a Chinese takeover bid for the Canadian mining company.
And if the first few months of 2019 are anything to go by, the seaborne coking coal market might have just reached a new level of complexity. When China decided to tackle overcapacity in its coal sector in 2016, it sent prices for seaborne coking coal to record highs of above $300 per tonne fob Australia.That year was seen as a turning point for the market, and prices have not fallen below ...
Chinese domestic coking coal prices have been on an uptrend since the ban in early October, so has been the case for Mongolian coking coal prices. Moreover, Canada and US-origin premium hard coking coal, as alternatives to Australian premium hard coking coal, in China enjoyed a premium in the cfr spot market.
Mongolia stops coking coal exports to China in pricing scrap ... Mongolia wants to raise coking coal export prices for China. From levels …
The Mongolian Mining Corporation Interim Report of 2021 noted that as of August 2021, "China's coking coal imports from Mongolia reached 8.3 Mt, representing a …
Shipments of the commodity from Australia, which used to be China's top source of coking coal, dropped to their lowest level this year in September, falling to 2.72 million tons. The swift change in China's imports comes amid reports that Australia's coal is not wanted in China any more.
Until very recently, China was largely self-sufficient in coking coal, with domestic production supplying the bulk of the steel industry's needs. However, in the first half of 2009, coking coal imports surged, with a pronounced effect on Australian coking coal exports to China. This surge reflected a …
China is the largest coal importer of Mongolia. In the first nine months, Mongolia's coal exports to China totaled 19.03 million tonnes, accounting for 96% of total, the latest data from Mongolian Customs General Administration. As China blocked off Australian coking coal due to the strained political tension, Mongolia is on track to become the ...
According to Mysteel's survey, the volume of Mongolian coal passing daily across the Ganqimaodu port in North China's Inner Mongolia, China's largest import conduit for Mongolian coal, is averaging some 600 trucks currently or higher than the 400 trucks/day navigating the border in late May.
Mongolia, is Mongolia's largest conduit for coal exports and most of the coal delivered through the checkpoint is coking coal. In fact, beginning last month Mongolia has urged its citizens in those areas in China with a serious epidemic situation to return home and began restricting cross-border movement Beginning February 10, Mongolia has stopped
coking coal. • Semi-soft coking coal (SSCC) - used in the coke blend along with hard coking coal, but results in a low coke quality and more impurities. Semi-soft coking coal can also be sold as thermal coal. In 2017, Australia's exports of HCC and PCI represented 85% of total metallurgical coal exports.
Last year, resource-rich Mongolia exported over 35 million tonnes of coking coal to China -- this year so far is less than a third of that. Terrified any outbreak might make China slam the border shut, Mongolia has imposed strict coronavirus rules. Some 3,500 increasingly wretched drivers have been quarantined in camps of 40 people while they wait.
