Insight
Mongolian coal exports to China surge - but can they keep growing?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Mongolia's coking coal exports surged 70% in 2016, reaching 16.5 Mt on a washed basis, after four years of stagnation. The rapid growth is testament to the extraordinary potential of Mongolia's South Gobi province, and has market participants wondering whether this is the start of the country's long-awaited renaissance. In our view, maintaining exports at current levels will be a challenge. Mongolia's supply potential is high, but the recent spike has been driven by the shortage of premium coking coal in the international and domestic Chinese market, rather than a structural change in Mongolian competitiveness.
Table of contents
- 2016: a year to remember
- Location and quality have disadvantaged Mongolian coal
- So where did the extra coal come from, and where was it used?
- But, will it last?
Tables and charts
This report includes the following images and tables:
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Mongolian coking coal exports by monthMongolian HCC FOB price vs DDP to Baotou steel mill priceMap showing Mongolian and Chinese coal mine locations and major price hubs
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Exports by coal type – 2008-2016Production by mineMongolian coal exports to China surge - but can they keep growing?: Table 2Price competitiveness of HCCs to TangshanChinese coking coal supply and demand balance and Mongolian coking coal imports (2015 - 2017), MtGlobal HCC cash cost curve delivered to Tangshan
What's included
This report contains:
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