2020 China Coal and Coke Industry Conference, hosted by Dalian Commodity Exchange, China National Coal Association and China Coking Industry Association, and organized by Shanghai SteelHome, was successfully held in Shenzhen on October 21-23, 2020. Around 500 delegates from governments, associations, steel mills, miners, traders, research institutes attended one of the biggest events in China coal and coke industry.

Wang Jinsuo, Vice General Manager of Aluminum Corporation of China delivered a speech themed on “Mongolia’s Coking Coal Market and Its Outlook”, which was summarizes as follows:

Impacted by the ban on Australian coal imports, Mongolian coal sales in China increased. Its sales might exceed expectation when Tangshan, East China and South China market was opened.

As for customs restrictions, there would be more hanging cars in the future. At the same time, more passageways would be opened up.

It’s expected that coking coal price will be boosted and that on a long-term contracted basis will also be influenced.