Mongolia Jan-Jul iron ore exports slump 51.43% YoY www.sxcoal.com
Mongolia exported 2.29 million tonnes of iron ore in January-July 2022, tumbling 51.43% or 2.42 million tonnes year on year, showed latest data from the Mongolian Customs General Administration (MCGA).
The total export value slumped 66.49% on the year to $174 million during the first six months, data showed.
China was the only destination of Mongolian iron ore during the period.
MCGA didn't release the specific figure for last month, yet Sxcoal calculated the exports at 536,700 tonnes based on the overall exports published by the customs authority, falling 21.01% year on year yet jumping 55.07% on the month.
The iron ore exports amounted to $49.02 million in July, with average price at $91.34/t, down $77/t from a year ago and $1.12/t from a month earlier, data showed.
(Writing by Rebecca Liu Editing by Harry Huo)
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Published Date:2022-08-17