Friday, 29 April 11
ICAP Shipping reported that, China's coal imports in the first quarter were some 27% down on a year ago at 32.3 Mt (2010: 44.4 Mt). Part of the reason for the decline has been due to extra availability within the country as it produced some 792 Mt in the quarter - up 8.3% on Q4 2010.
Shipments down the long coast line from the north have increased by 25% this year and this had directly impacted import requirements. The high price of imported coal has also put pressure on imports with steam coal imports this March at $107/t as compared to $85/t in the same month a year ago.
By coal type imports this year have fallen as follows: anthracite -10.5%, coking -3.5% and steam coal -40.3%.
Source: ICAP Shipping & coalspot.com
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