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Zhao Jianguo: Analysis of the Influence of Imported Coal on Chinese Market

https://en.steelhome.com [SteelHome] 2019-04-25 09:31:33

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15th Steel Development Strategy Conference, host by SteelHome, was successfully held in International Convention Center during April 12-14, 2019. Around 1000 delegates from governments, associations, steel mills, miners, traders, research institutes attended the one of biggest events in China steel industry.

8th International Raw Materials Supply Chain Summit, 9th Coal & Coke Development Strategy Conference, 7th China Commodities E-Commerce Summit and 2019 SteelHome Spring Report were simultaneously held.

On the morning of April 14, Zhao Jianguo, Deputy Secretary General, China Coal Transportation and Marketing Association made a speech on “Analysis of the Influence of Imported Coal on Chinese Market”.

 

Zhao Jianguo, Deputy Secretary General, China Coal Transportation and Marketing Association

1. World trade framework according to the BP annual report showed that the USA, Russia, Australia, China and India shared the global storage respectively at 24.2%, 15.5%, 14.0%, 13.4% and 9.4%, totaled 76.5%. According to Clarkson statistics, world thermal coal trade volume was 976 million metric tons in 2018, and coking coal trade volume was 263 million metric tons, totaled 1.24 billion metric tons, up 3% year on year.

2. China's import pattern: China's coal imports account for 1/4 of global coal trade. According to statistics from Clarkson, the global coal trade in 2018 is expected to be 1.24 billion tons, of which 976 million tons are thermal coal and 263 million tons are coking coal; China imports 281 million tons, accounting for 23%. From the import structure of coal classification, thermal coal imports account for 74%, of which lignite accounts for 34%, coking coal and anthracite account for 23% and 3%, respectively. From the source of imports, China imported 125 million tons from Indonesia in 2018, accounting for 45% of the total imports of China, import from Australia was 8.94 million tons, accounting for 29% of the total imports, followed by Mongolia 13% and Russia 9%. China's coal imports mainly concentrated in the coastal provinces and cities of East and South China.

3. The substitution role of new energy is increasing; the proportion of coal in the energy consumption structure is declining; coal consumption remains relatively stable; domestic production capacity is accelerated to release.


(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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