HomeProduct Complimentary download Guangdong Jun coal imports down 15.9pct on yr

Guangdong Jun coal imports down 15.9pct on yr

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Publish time: 27th July, 2015      Source: www.cnchemicals.com
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Southern China’s economic hub Guangdong province imported 4.17 million tonnes of coal in June, dropping 15.9% year on year but up 30.7% from May -- the tenth consecutive year-on-year drop, according to the latest Chinese customs data.Total value of the June imports was $248.15 million, which translates to an average price of $59.51/t, up $5.92/t on month but down $3.8/t on year.The rise in the average price of imported coal was mainly due to a jump in the imported tonnage and price of coking coal.Customs data showed that Guangdong province imported 0.7 million tonnes of coking coal in June, quintupling the month-ago level and up 7.7% on year. The import price averaged $97.41/t, up $7.7/t from May’s $89.71/t.Imports of thermal coal, mainly used for power generation, stood at 3.45 million tonnes in June, up 13.1% month on month and down 23.7% year on year. The average price was calculated at $52.0/t, up $0.2/t on month.Of this total, lignite imports accounted for around 40% or 1.38 million tonnes, down 23.8% from May and down 48.9% year on year. About 1.33 million tonnes or 96.4% of the total lignite imports were from Indonesia.In the first half of the year, the province imported a total 21.96 million tonnes of coal, down 31.5% year on year, data showed.Total thermal coal imports during the same period reached 19.76 million tonnes, down 28.5% on year, with lignite imports at 10.51 million tonnes, down 24.5%; while coking coal imports was 2.14 million tonnes, surging 59.7%.