Yasser Basuri, CEO of Taben Tolgoi, a Mongolian coking coal enterprise, said yesterday that it had stopped exporting coal to China from 1 1. The company owns the largest coking coal mine in the world, and has basically mastered Mongolian coking coal export to China. As the largest source of coking coal imports in China, this incident in Mongolia is bound to have a great impact on the coking coal market in China.

According to Basuri, Taben Tolgoi Company encountered financial difficulties this year and was unable to pay for coal storage, so it stopped coal export. In fact, the essential intention of stopping exports is to raise prices. Take the coking coal exported by the company to China Aluminum Company as an example. At present, the contract price is $53/ton, but it costs $665,438+0/ton to transport coking coal to the port. Basuri said that the Mongolian government will come forward to start negotiations and the existing contract must be revised.

Before 20 12 1 1 month, China imported coking coal from Mongolia16.8 million tons, accounting for more than one third of the total coking coal imports. The rapid decline in supply in the short term will break the balance between supply and demand and push up domestic prices. Even if Mongolia resumes its export in the future, the price will rise sharply.

Among coking coal producers, Jizhong Energy has raised its ex-factory price twice in a row, and there are also Xishan Coal and Electricity and Panjiang Shares. In addition, as the downstream of coking coal, if the price of coke rises, Shanxi Coking Company with strong shareholder background will also share the industry revaluation income because of its low cost.