China's thermal coal imports tumbled in May amid tightened import restrictions after notching a peak a month ago, customs data showed.
The country imported 8.95 million tonnes of thermal coal (incl. bituminous and sub-bituminous coal, but excl. lignite) last month, down 17% from a year ago and diving 38.4% month on month, showed the latest data from the General Administration of Customs.
Value of May's thermal coal imports totaled $539.2 million, dropping 27.6% year on year and 42.1% month on month. The average import price was calculated at $60.2/t, down $3.9/t from April and $8.8/t from the year-ago month.
In the first five months, China's thermal coal imports totaled 63.99 million tonnes, rising 47.9% compared with the same period in 2019; value of the imports reached $4.03 billion, a 30.3% rise on the year.
China also imported 7.88 million tonnes of lignite in May, down 20.3% year on year and 16.7% month on month, which was worth $306.34 million, down 29.4% year on year.
The imports in January-May totaled 49.93 million tonnes, a 0.6% decrease year on year, which was worth $2.08 billion, a 3.1% drop.
(Writing by Emma Yang Editing by Jessie Jia)
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