Luda Enters Mongolia-China Coal Trade
The stainless and carbon steel flange maker will act as intermediary for 440,000 metric tons of Mongolian thermal coal sold to two Chinese customers.
Updated on Nov. 2, 2026 in International Trade
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Luda Technology Group Limited, a manufacturer and trader of stainless and carbon steel flanges and fittings, announced its entry into Mongolia-China coal trading. The company will act as intermediary between a Mongolian supplier in Tsogttsetsii, South Gobi Province, and two Chinese customers.
Why it matters
The move is intended to diversify Luda's revenue streams beyond its core operations. Its agreements set quantity commitments without fixed unit prices or total contract value, so pricing will be confirmed for each batch before payment and shipment.
The agreements commit 440,000 metric tons of thermal coal across two customers, with 220,000 metric tons each. Unit pricing and total contract value remain unset and will be confirmed batch by batch.
The players
Luda Technology Group Limited
A manufacturer and trader of stainless steel and carbon steel flanges and fittings that is now serving as a coal trading intermediary.
Ma Biu
Chairman and CEO of Luda Technology Group Limited, overseeing the company's expansion into commodity trading.
The details
Luda has agreed to source thermal coal from a Mongolian company and resell it to two Chinese buyers, handling quality testing, weight verification, and settlements. The company has not entered definitive agreements for fluorspar, tungsten, iron ore, rare earth products, or copper, though it plans to evaluate those commodities.
Timeline
- November 2, 2026: Luda announces its entry into Mongolia-China coal trading.
- November 30, 2026: Initial 20,000 metric tons per customer due for delivery.
- October 14, 2027: Additional 200,000 metric tons per customer due for supply.
Market Landscape
Mongolia has long supplied thermal coal to China through established border corridors, and Luda's deal inserts a steel-fittings maker into that flow as a trading intermediary. The move reflects a broader pattern of industrial firms seeking commodity trading margins alongside their core manufacturing businesses.
For readers tracking commodity supply chains, the deal shows how coal deliveries between Mongolia and China can be routed through non-energy intermediaries. Because pricing is confirmed batch by batch, the actual cost of the coal will depend on market conditions at each shipment.
The takeaway
Commodity trade deals often hinge on pricing terms that are not fixed upfront, so the real economics will only become clear as individual batches are priced and shipped.
What happens next
The first 20,000 metric tons per customer is due for delivery by November 30, 2026, and an additional 200,000 metric tons per customer by October 14, 2027.
Further reading
Explore more on International Trade to see how cross-border commodity deals like this one are structured.
Source note: This article includes information reported by The Manila times.
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