Perhaps Mongolia Coal will completely withdraw from the Chinese market?
Mongolia's coal exports to China have been significant, especially since Australian coal withdrew from the Chinese market. In 2022, Mongolia exported a total of about 31 million tons, of which 29 million tons were exported to China, accounting for over 90%.
2022
2022
Mongolia not only received EU assistance, but also conducted joint military exercises with the United States, which also created chaos in Mongolia at the end of 2022.The reason for the chaos in Mongolia at the end of 2022 seemed to be the "anti-corruption" of state officials, but it was actually inflation that reduced the happiness of the people.Some forces with ulterior motives have wantonly promoted the "threat theory" and dumped this big pot on China.
20232
In February 2023, Mongolia unilaterally announced the termination of the sales agreement with China.
In order not to completely lose the Chinese market, Mongolia actually opened an auction for the Chinese side to conduct import transactions. Undoubtedly, the auction price is much higher than the current price.
23.47
According to statistics, the export price of coal from Mongolia in February increased by 3.47 US dollars per ton month on month.
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