Friday, 27 May 2011
According to statistics released by the China's General Administration of Customs, China's coal imports hit 11.1 million tonnes in April 2011, down 2.42 million tonnes or 17.9% from a year earlier, while rising 22.65% versus 9.05 million tonnes in March 2011.
The rising coal imports are attributed to the shrinking coal price spread at home and abroad. Previously, heavy flooding attacked Australia's Queensland which severely hampered coal production and exports of the region. Coal buyers in southern China tend to the domestic market, which pushed China domestic coal prices up. (sourced Steel Home)
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