AKIPRESS.COM - Mongolian metallurgical coal shipments to China through the Gashuun Sukhait - Ganqimaodu port declined in the week to November 12 amid winter weighing on coal deliveries, but overall year-to-date shipments remained sharply higher on the year, S&P Global reports.
Daily coal haulage via the Gashuun Sukhait - Ganqimaodu port reached 951 trucks in the week to November 12, down 9.7% on the week, China-based consultancy Haitong International Securities said in a latest note.
But despite this, the number of trucks carrying coal through Gashuun Sukhait - Ganqimaodu during the January-November 12 period reached 228,600, more than double year on year.
Back in 2019, the COVID-19 pandemic lowered coal truck hauls from Mongolia through the Gashuun Sukhait - Ganqimaodu port. But since then, Mongolia has emerged as the largest met coal supplier to China, overtaking China's traditionally large supplier Australia.
In the near term, met coal shipments from Mongolia to China are expected to decline due to the winter season, as lower temperatures have been impacting loading and unloading, sources said.
The number of Mongolian trucks carrying coal to China may not breach the 1,000 mark in the near term, analysts at Haitong said.
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Mongolian met coal supply to China via Ganqimaodu slips on week due to winter
HIGHLIGHTS
Year-to-date shipments rise on year
Safety inspections increase at Chinese coal mines
Mongolian metallurgical coal shipments to China through the Ganqimaodu land port declined in the week to Nov. 12 amid winter weighing on coal deliveries, but overall year-to-date shipments remained sharply higher on the year, analysts and sources said Nov. 23.
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Ganqimaodu, the largest land border port in Inner Mongolia, has allowed the transportation of Mongolian coal to China in recent years.
In the week to Nov. 12, daily coal haulage via the Ganqimaodu port reached 951 trucks, down 9.7% on the week, China-based consultancy Haitong International Securities said in a latest note.
