China Nov coal imports hit 23-month high

2016-12-08 15:39:00 Import & Export

China's coal imports hit a 23-month high of 26.97 million tonnes in November, up 24.96% from October and 66.56% from the year-ago level, showed data released by the General Administration of Customs (GAC) of China on December 8.

That was the highest monthly imports since December 2014 when the country imported 27.22 million tonnes of coal, and the year-on-year growth in November was also the largest in 2016.

Domestic prices rallied rapidly under the government's supply-side structural reform, which squeezed supply and left imported material with great price edge, thus boosting coal imports.

The buying spree slowed in September and October, affected by released production at advanced coal mines and slack demand from downstream sectors.

In November however, the country's coal imports rise with utilities replenishing stocks to cope with higher winter demand, amid northern China's heating season, as well as southern China's sliding temperature.

The value of coal imports in November stood at $1.72 billion, surging 102.54% on year and up 31.44% on month. That translated to an average price of $63.85/t, rising $11.34/t on year and up $3.15/t from the previous month.

Over January-November, coal imports of China totaled 228.69 million tonnes, rising 22.7% on year, the GAC data showed. That valued $11.91 billion, a year-on-year increase of 6.1%

(Writing by Evie Feng   Editing by Harry Huo)
For any questions, please contact us by or +86-351-7219322.

Editors Recommendations

1 China high-sulfur coking coal prices sag on dwindling demand 2018-01-19

Offer prices of high-sulfur coking coal were on downtrend in China, as coke firms tried to curtail raw material costs and some of them had suspended buying of the material. Some washing p

2 Chongqing Three Gorges generates over 1 TWh of power in 2017 2018-01-18

Shanghai-listed hydropower generator Chongqing Three Gorges Water Conservancy and Electric Power produced 1.01043 TWh of electricity in 2017, jumping 29.48% from 2016. Its hydro stations

3 China 2017 raw coal output up 3.2pct, Dec figure at 24-mth high 2018-01-18

China produced 3.45 billion tonnes of raw coal in 2017, a year-on-year rise of 3.2%, showed deta released by the National Bureau of Statistics on January 18. Last month, the world's

4 China coal industry FAI down 12.3% in 2017, NBS 2018-01-18

China's fixed-asset investment (FAI) in coal mining and washing industry amounted to 264.8 billion yuan ($41.16 billion) in 2017, down 12.3% from 2016, showed data from the National Bureau of Statisti

5 Cities in China's Hebei province still top list of smoggiest places 2018-01-18

China's Hebei province was the location of six of the country's 10 smoggiest cities in 2017, the same as the previous year, despite a campaign to improve air quality during the winter when smog levels

6 Chinese coke cos lower prices trying to rescue slack sales 2018-01-18

Many Chinese coke producers have to privately reach agreements with steel makers on lower supply prices in order to rescue their waning sales, with some lowering prices by a total 250-300 yuan/t at mo

7 Thermal coal prices edge up in N. China production regions 2018-01-18

Thermal coal prices have edged up by 5-20 yuan/t at China's major production bases of Shanxi, Shaanxi and Inner Mongolia, local sources said, expecting prices to go up further before the Chinese Lun

8 China coastal spot thermal coal prices may fall slowly in late Jan 2018-01-18

China's coastal spot thermal coal prices may fall slowly in late January, as market sentiment weakens after recent 15-20 yuan/t price cuts by over 20 large miners. According to a research report re

9 Shanxi high-sulfur coking coal prices likely to drop; low-sulfur solid 2018-01-17

Impacted on downward coke market, coking coal producers in Shanxi received much less orders for their high-sulfur material than before; while demand for low-sulfur coal remains robust, with prices sta

10 Will China reinstate coal import restrictions at ports? 2018-01-17

China's top economic planner, the National Development and Reform Commission (NDRC), verbally required local governments late last month to lift coal import curbs at ports until February 15. Will the

Most Read Articles

1 Indonesian coal prices move higher on active Chinese tenders 2018-01-08

Indonesian coal prices climbed higher on the back of intensive tenders from Chinese utilities, with Supramax 3,800 Kcal/kg NAR cargoes being offered at $49/t FOB, trade sources said. One

2 Five more Shanxi-based miners cut thermal coal prices 2018-01-11

Five more state-owned large coal miners in northern China's Shanxi province announced price cuts of 15-20 yuan/t, in an effort to rein in too fast growth in prices of the power generation fuel in the

3 China Dec coal imports up 3.13% on mth 2018-01-12

China imported 22.74 million tonnes of coal in December, down 15.28% from a year ago but up 3.13% from November, showed data from the General Administration of Customs on January 12. That

4 Indonesia's Jan HBA thermal coal price up 10.8% YoY to $95.54/t 2018-01-08

Indonesia's Ministry of Energy and Mineral Resources set its January thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $95.54/t, up 10.8% year on year.

5 China issues stricter rules on building new steel capacity, industry ministry 2018-01-08

China has issued stricter rules on building new steel production capacity to replace obsolete facilities, the Ministry of Industry and Information Technology said on January 8. C

6 China authority prioritizes coal and gas shipment 2018-01-09

China's Ministry of Transport will prioritize transport of coal and natural gas this winter to avert energy crisis in peak demand heating season, state-owned media reported. Ports and mar

7 China's NEA set to hold conference on coal import policies 2018-01-08

China's National Energy Administration is set to hold a meeting early January 9 with major power generators on influences of easing coal import restrictions, as well as issues on coal supply from dome

8 Coal stocks ramp up at Guangzhou port, possibly related to import curb lift 2018-01-10

Coal stocks have been jumping up at southern China Guangzhou port recently, following the country relaxed coal import limits late last month. China's top economic body Nati

9 China's Govt releases policy to ensure zero growth of capacity in major industries 2018-01-09

The government has released new policy to ensure zero growth of production capacity in steel, cement and plate glass industries and to continue capacity replacement measures this year, Economic Inf

10 Yangquan Coal cuts thermal coal prices at N. China ports 2018-01-11

China's leading coal miner Yangquan Coal Industry Group lowered FOB prices of thermal coal at northern ports by 15 yuan/t effective January 10, its sales company said in a statement on the same day.