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Chinese Coking Coal Imports in H1 up by 6%

Coal News - Published on Wed, 29 Jul 2020

Image Source: China Coking Coal Imports
According to data from the General Administration of Customs, In June, China imported 6.3 million tonnes of coking coal, down 4.3 percent year on year. Imports from Australia in the given month reached 2.8 million tonnes, up 0.9 percent year on year and rising by 37.1 percent month on month.Shipments from Mongolia amounted to 2.1 million tonnes, down 22.3 percent year on year, while up 22.6 percent month on month. However, China imported 38.2 million tonnes of coking coal in January-June 2020, up 5.6 percent year on year. Australia was China's top coking coal supplier with a share of 63 percent out of total imports to China with 24.1 million tonnes, up 66.5 percent year on year. Imports of coking coal from Mongolia totaled 7.3 million tonnes, down 56.2 percent year on year, being affected by the pandemic and the closure of borders earlier this year.

China’s overall coking coal import volume, nevertheless, had been slowing in growths month by month in H1, and reflecting China’s tightening control on coal imports since late Q1. The growth for the whole H1, thus, was lower than the 7.1% on-year rise for January-May.

It remains uncertain, though, whether China’s coking coal imports especially from Australia will sustain the growth for the rest of the year, as the buying enthusiasm from the Chinese buyers has been seriously dampened by the authorities’ efforts in curtailing the import volume

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Posted By : Yogender Pancholi on Wed, 29 Jul 2020
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