Highlights Daily coal truck hauls fell below 100 Supply tightness not expected amid soft demand Coal trucks hauled from Mongolia through Inner Mongolia’s Ganqimaodu border port have nose-dived after fresh COVID-19 cases were reported in the region, although this is not expected to impact metallurgical coal supplies as China’s domestic demand remains weak, industry sources said Dec. 9.
Ganqimaodu is a land border port and is the largest channel for importing coal from Mongolia. The number of daily coal trucks from Mongolia to Ganqimaodu fell below 100 on Dec. 7, down from 300 per day in the week ended Dec. 3, consultancy Founder CIFCO Futures said Dec. 9. Overall coal truck volume is back to lower levels after about 500 trucks hauled coal per day in the week ended Nov. 26, according to CIFCO’s data. Meanwhile, another […]