Mongolia’s coal exports rose 94% on the month to 3.71 MnT in Mar’18 as against 1.91 MnT in Feb’19, according to the data provided by Mongolian customs.
Landlocked Mongolia is heavily dependent on coal demand from China, its neighbour and buyer of more than 90% of its exports.
During the first quarter of CY19, Mongolian coal exports had benefited from an increased demand from China, after customs delays impeded its coal shipments from Australia.
It is pertinent to note that China has sharply reduced purchases of Australian coal after clearing times through customs had almost doubled since the beginning of CY19.
Consequently, rise in coal intake from China helped drive up Mongolia’s total coal exports to 7.73 MnT in the first quarter of CY19 (Jan’19-Mar’19) up 17% Y-o-Y from 6.61 MnT in the same period of last year.
Chinese Coal Imports:
China accounted for nearly 98% of the total coal intake from Mongolia in Q1 CY19 period.
Chinese Imports imports increased 18% Y-o-Y to 7.56 MnT in Q1 CY19 compared with 6.39 MnT in Q1 CY18.
During Mar’19, Chinese import from Mongolia was noted at 3.62 MnT, up 96% M-o-M from 1.85 MnT in Feb’19. Remaining coal in the month was taken by Singapore and UK.
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