10-05-2016

China’s April coal imports drop 5.8% on year to 18.80 million mt

CC

China imported 18.80 million mt of coal, including lignite, thermal and metallurgical material, in April, down 5.8% year on year and 4.5% lower than March, according to preliminary data released Sunday by the General Administration of Customs. China imported 19.95 million mt of coal in April 2015 and 19.69 million mt in March this year.

The country exported 0.52 million mt of coal in April, up 81.8% year on year but down 59.06% from March’s export volume of 1.27 million mt, the data showed.

The GAC did not give a breakdown on the April imports, which would be available later this month.

China’s coal producing regions have recently implemented 276 days of statutory production rate, down from 330 days, to help address the oversupplied market.

China is also getting more stringent against illegal coal projects, with the National Development and Reform Commission ordering the closure of 38 projects in Xinjiang, Inner Mongolia, Shaanxi, Ningxia and Shanxi provinces last week.

Source: Platts

Previous Next
 

We Are Creating More Value for EXIM Trade : Mr. Neeraj Bansal

View More Videos


Gallery

India Maritime Summit 2017

View All Albums