South Korea imported 8.48 million tonnes of coal in January 2021, 23.42% lower than 11.07 million tonnes in January 2020, and 23.73% lower than December 2020, showed data from South Korea Customs.
The country's January imports at least hit a seven-year low, according to sxcoal.com calculation based on customs data.
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Australia was the largest coal supplier to South Korea in January, at 4.75 million tonnes, down 16.16% from the previous year and 12.22% from a month ago.
Indonesia followed with coal shipment of 1.55 million tonnes to the country, marking a year-on-year slump of 38.05% and a month-on-month fall of 3.81%.
Russia took the third place with 1.37 million tonnes of coal supply in January, falling 7.33% year on year and 31.69% month on month respectively.
Over the same period, South Korea spent a total of $643 million in coal import, contracting 32.51% year on year and 19.45% month on month. The coal import price therefore was calculated at $75.79/t, a year-on-year drop of 11.87% and month-on-month rise of 5.62%.
The country imported 124 million tonnes of coal in 2020, falling 12.51% year on year. The import value totaled $9.5 billion, tumbling 32.63% year on year.
(Writing by Rebecca Liu Editing by Harry Huo)
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