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China's coal imports hit nine month high

World Coal,

Chinese imports of coking coal reached a nine-month high in September at 7.25 million t, an increase of 15% from August, and three times higher than September 2012, according to data released by the General Administration of Customs.

Australia topped the list as the largest contributor to Chinese imports in September, shipping 2.62 million t, up 5.7% from August and almost sixfold on 2012.

Mongolia was the second largest contributor, with 1.90 million t, up 127% from August and 90% from September 2012, followed by Canada with 1.26 million t, up 41% from August and 182% from 2012.

The next largest contributors were Russia (744,388 t), the US (402,658 t), Indonesia (104,950 t), Mozambique (88,000 t) and New Zealand (63,378 t).

The month-on-month increase in September import volumes correlates with an increase in spot coking coal prices in preceding months. Prices for premium low-volatile hard coking coal rose 3.5% in July and more than 10% in August.

In contrast, spot prices in July and August 2012 had fallen 19% and 12%, respectively, coinciding with much lower volumes imported into China in September 2012 than in 2013.

Adapted from press release by Katie Woodward

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