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Mar.28.2024 1USD=7.0948RMB
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Customs: China Sep Thermal Coal Imports Down 39.26% YoY to 8.23 Mlnt

https://en.steelhome.com [SteelHome] 2020-10-28 11:44:16

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In September 2020, China imported 8.23mn t of thermal coal (including bituminous coal and sub-bituminous coal and excluding lignite, the same below), down 5.32mn t or 39.26% year on year yet up 60,000 t or 0.73% month on month, according to General Administration of Customs.

During January-September, China imported 102.5mn t of thermal coal in total, increasing 7.08mn t or 7.42% from 2019. Cumulative annualized imports reached 136.54mn t, higher than 115.45mn t in the whole 2019.

Import value in September reached 415.599mn dollars, falling 53.40% from preceding year. Unit price averaged $50.53/t, down $15.28/t. January-September value achieved 6.117823 billion dollars. Average unit price was $59.69/t, dropping $9.32/t form last year.

In the first nine months, China mainly imported thermal coal from Indonesia, Australia and Russia, accounting for 41.9%, 40.1% and 12.6% respectively, three combined taking for 94.7% of total imports.

Coal import policy will be tightened and control on Australian coal imports will still be strict.

Thermal coal currently is stocked up for winter. Although daily consumption of power plants is at a low level, winter restocking in North China is taking seasonal increases. Supply and demand are in balance at present. However, Indonesian coal imports later will increase dramatically, so is domestic high-calorific coal. Price at Northern ports is stable in recent days. Quotation of imported thermal coal is firm. It’s expected that China coal imports in October will maintain below 10mn t.

(To contact the reporter on this story: RhettLiu@steelhome.cn or 86-555-2238927 18133440120)
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