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China bituminous, sub-bituminous thermal coal imports sink to over 2-year low

Increase font size  Decrease font size Date:2014-10-28   Views:433
Monthly Chinese imports of bituminous and sub-bituminous thermal coal fell to 9.35 million mt in September, a two-and-a-half-year low, according to China customs statistics Friday.

Combined bituminous and sub-bituminous imports were down 2% on August and 24% lower than a year earlier.

The threat of Chinese government intervention has cast a shadow over the country's coal import volumes this year, with the National Development Reform Commission's 6% import tax on thermal coal the latest regulation designed to reduce international seaborne deliveries.

Combined deliveries of Indonesian bituminous and sub-bituminous coal landing in China in September declined to 2.81 million mt, down 48% on-year and the lowest since March 2011.

Chinese receipts of thermal coal from Australia -- China's second largest importer -- in September fell 7% on-month to 5.29 million mt, a three-month low.

However, imports of lower grade material classified as lignite into China made their first on-month gain since June, with 4.56 million mt of Indonesian material arriving in September, up 34% on August.
 
 
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