Mongolia's coal export drops nearly 50 pct amid COVID-19 pandemic

Time:2020-08-05 12:03:50      Source:Xinhuanet.com

Mongolia exported a total of 11.2 million tons of coal in the first seven months of this year, a decrease of 46.4 percent compared to the same period last year, according to official data on Tuesday.

The sharp decline, said the Mongolian Customs General Administration, is largely due to the COVID-19 pandemic.

In a bid to boost cooperation with China amid the pandemic, Mongolia has introduced a temporary regulation called Green Gateway, which came into effect on Saturday, according to the Mongolian Ministry of Mining and Heavy Industry.

Minister Gelen Yondon said he hopes the regulation will help Mongolia increase its export of mining products, such as coal and copper concentrates, to China.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-19
Shuozhou 5200 435 0 FOR 06-19
Ordos 5500 415 0 ex-mine 06-19
Yulin 6200 535 0 ex-mine 06-19
Liulin Low-sulphur 560 0 ex-mine 06-19
Gujiao Low-sulphur 1095 0 FOR 06-19
Xingtai Low-sulphur 1210 0 ex-Factory 06-19
Yangquan PCI 770 0 FOR 06-19
Index RMB/t WoW WoW% Date
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