HomeProduct Complimentary download China’s Jun thermal coal imports slow to 4-mth low

China’s Jun thermal coal imports slow to 4-mth low

Keyword:
Publish time: 23rd July, 2015      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
China’s June imports of thermal coal – including bituminous and sub-bituminous coals, slumped to a four-month low of 6.21 million tonnes, a 43% drop on year and down 4% from the previous month, according to the latest data from the General Administration of Customs (GAC).China’s thermal coal imports over January-June were 42.35 million tonnes, a 44% fall from the year-earlier period.The slump was mainly due to low prices in the domestic market, stricter trace elements check, reduced power demand amid weak industrial activity and increased competition from the hydropower sector.Thermal coal prices have been hovering low at China’s domestic market since May, after falling materially from the start of the year, with 5,500 Kcal/kg NAR coal now around 495 yuan/t ($80.9/t) with VAT, FOB Qinhuangdao.China imported 3.76 million tonnes of Australian thermal coal in June, down 28% on the year and 1% lower than May, while imports from Indonesia slumped 52% on year and down 4.3% on month to 1.76 million tonnes.Thermal coal imports from Russia decreased 56% on year to 661,790 tonnes in the month, the lowest since October 2012.Meanwhile, China’s lignite imports in June fell 18% on the year and down 18.1% from May to 2.9 million tonnes.Lignite imports over January-June were 23.75 million tonnes, down 35% year on year.Lignite imports from top supplier Indonesia stood at 22.15 million tonnes in the same period, down 34.7% from a year ago.