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Chinese Coal Imports in June Shrink on Stringent Import Restrictions at Ports

Coal News - Published on Thu, 16 Jul 2020

Image Source: Coal Import China
Latest data from the General Administration of Customs showed that China’s coal imports dropped by 6.7% YoY in June 2020 to 25.29 million tonnes as compared to 27.1 million tonnes in June 2019 but is still higher than 22.06 million in May, as stringent import restrictions at ports impeded purchases by traders and power plants, despite stockpiling demand ahead of the peak summer season. For the first half of 2020, China brought in a total of 173.99 million tonnes of coal, up 12.7% over the corresponding period last year.

Chinese customs had been stepping up curbs on coal imports since May, through lengthy processing and import quotas as China looks to bolster its coal industry.

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Posted By : Yogender Pancholi on Thu, 16 Jul 2020
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