subject: General Administration Of Customs: July Coal Imports Down 14% Of The Chain Or Imports Continue To [print this page] General Administration of Customs released the latest statistics show that China imported coal 13.88 million tons in July, the chain fell 14%. Industry insiders estimate that in the coming months, coal imports will become more obvious decline, the market peak in imports has in the past.
Customs released on August 24, China July import coal 13,880,000 tons, down 14%. But with the average monthly imports of 3.4 million tons last year compared to coal imports in July is still a high level. Customs data also show that China's coking coal imports in July increased 6% in the chain to 490 million tons, more than one-third of total imports of coal.
Since the start of this year in February, the third consecutive month in China's coal monthly net import situation, seven copies of a single month import is 13.88 million tons, it is the same month last year, more than three times the amount of imports. 1-7 months of imports of coal this year, a total of 62.16 million tons, up 1.5 times.
At the same time, coal exports continued to decline sharply, with only 1.24 million tons exported in July, up 3.53 million tons less, down 74%, this is the seventh time since 2000, the month the level of exports there less than 200 tons. 1-7 month cumulative total exports of 12.92 million tons of coal, down 57.3% over the same period last year.
"This indicates that the kinetic energy of coal imports began to fall," expert Chao-lin said, "in July's imports have been declining over the previous month. Expects second-half months, coal imports will become more obvious decline in imports of the peak period has passed. "Customs had statistics show that China's coal imports in June reached a record 16.07 million tons.
Chao-lin that from the beginning of the year, domestic coal imports relatively low due to an upsurge in international prices. Since the February start, become a net importer of coal, but as prices rise, the domestic extraction of coal miners are some of mine again, this sustainability to import large quantities of coal brought a question mark, and the international market coal prices in recent On recovery, the price advantage of coal imports also weakened.
"Coal imports surge next month, this situation will not last. One reason is that contracts with foreign orders is about to expire, and the other reason is also the recent price rise of coal abroad." Industry experts Huang Teng pointed out that the consumption of coal use has a direct correlation, in August the temperature rose to promote the coal, but a lower temperature, the amount of coal would soon fall. July average daily coal consumption in China direct supply power plant of 2.06 million tons, up 10.8% in the chain.
Chao-lin is expected, due to domestic coal production will continue to maintain a rapid growth of coal imports will remain high, the end of the summer peak coal, coal consumption market into traditional low season, the coal market will further increase the pressure of oversupply , the market price of coal may shock downstream.
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General Administration Of Customs: July Coal Imports Down 14% Of The Chain Or Imports Continue To
