According to data released by the General Administration of Customs on March 8, China imported 17.641 million tons of coal in February, a decrease of 3.265 million tons, a decrease of 15.6%, and a decrease of 15.862 million tons, a decrease of 47.3%.
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Coal imports in February were $119.3 million, down 33.3% and 57.5% year-on-year. Based on this, the unit price of imports is estimated to be $67.5 per ton, down 16 dollars per ton annually and 17.8 dollars per ton year-on-year.
From January to February 2019, China imported 51.145 million tons of coal, an increase of 3.8% over the same period last year; the cumulative import amount was 3988.7 million US dollars, a decrease of 5.0% over the same period last year.
Since 2016, China’s seaborne imports of coal have been increasing year by year. China still accounts for 30% of the world’s seaborne coal while the domestic coal production remains high.
In terms of imports in recent years, Indonesia, Australia, Mongolia and rising Russia have become the main sources of coal in China. In 2018, China’s coal imports have increased to 281.5 million tons, setting a new record.