China Dec coal imports up 3.13% on mth

sxcoal.com Price,  Import & Export 2018-01-12 14:56:00

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 represents the second consecutive month for China's coal import to increase on a month-on-month basis, as coal demand surged in the country amid chilly weather.


The government's temporary lift of restrictions on import coal in late November also helped boost import of the fossil fuel into China.


Value of the December imports totaled $2.04 billion, decreasing 7.73% year on year but rising 8.95% month on month. That translates into an average price of $89.67/t, up $4.79/t or 5.65% month on month and $7.33/t or 8.9% year on year.


During the whole year, China's coal imports amounted to 270.9 million tonnes, up 6.1% from a year ago, with the value totaling $22.64 billion, soaring 60.0% from the preceding year.

(Writing by Alex Guo  Editing by Harry Huo)
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