China’s Jun coking coal imports surge 170pct on mth

Keyword:
Publish time: 22nd July, 2015      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
China’s coking coal imports surged 170.2% from May’s 1.88 million tonnes to 5.08 million tonnes in June, showed the latest data from the General Administration of Customs (GAC).Industry insiders attributed to the increase mainly to increased buying from end users amid bottom-out prices in late-May, which led to an influx of vessels arrived in June.However, it was still a drop of 11.2% year on year, the fourth consecutive year-on-year drop, indicating persisting weakness in domestic demand.Imports from top supplier Australia rose 12.8% from the previous year and tripled the month-ago level to 2.85 million tonnes in June.Coking coal imports from Mongolia – China’s second largest supplier – fell 31.5% on year but surged 141.5% from May to 1.28 million tonnes during the same month.Canada’s June exports to China was nearly 5.4 times of the May volume, reaching 0.43 million tonnes, plummeting 35.5% from the year before.Imports from Russia reached 0.22 million tonnes in June, falling 56.6% from a year ago and down 18.5% from the previous month.During the first half of the year, China imported a total 21.64 million tonnes of coking coal, down 30.1% year on year.Top supplier Australia contributed 10.86 million tonnes or 50.2% during the same period, down 27.7% year on year.