Luda Technology Signs 1.05M Ton Mongolia-China Coal Supply Deal

Key Facts

Luda Technology signed an agreement to supply 1.05 million metric tons of Mongolian thermal coal to Shanghai Shouying Huifu Energy Development. GlobeNewswire reported that the agreement spans one year from November 2, 2026, to November 2, 2027, adding to existing commitments of 440,000 tons. The deal aims to expand the company's Mongolia-China coal trading operations, bringing total customer commitments to 1.49 million metric tons.

LUD closed at $3.82 on November 6, 2026, having reached a day high of $3.9 and a low of $3.81. This agreement follows Chinese economic data released on November 9, 2026, showing the annual Producer Price Index at 5.7% and the annual Inflation Rate at 0.7%, which was below the forecast of 0.8%.

The market is awaiting the release of China's Balance of Trade and annual Imports data on November 10, 2026, which may provide further insight into commodity demand. Additionally, China's Current Account is scheduled for release on November 13, 2026, with a forecast of 200.5 billion.