The aim of this report is to provide an update of the coal market, mainly highlighting factors influencing the Mongolian market, since the March 2017 Coal Market Study. There are two kinds of coal: thermal, which is used in electricity generation, and coking coal, also known as metallurgical coal, which is mainly used in the steel making process. As around 70-80 percent of Mongolian coal export is coking
coal, a larger portion of this report will focus on coking coal rather than thermal. Hereafter, coking coal will simply be termed as coal. This report, similar to the last publication, consists of three sections –
demand side, supply side, and price of coal – with an additional section on thermal coal.