🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

UPDATE 1-China's Nov coal imports from Indonesia surge, Australia slips

Published 22/12/2016, 06:32 pm
© Reuters.  UPDATE 1-China's Nov coal imports from Indonesia surge, Australia slips

(Adds details)

BEIJING, Dec 22 (Reuters) - Chinese imports of coal from Indonesia surged 160 percent in November from a year earlier, in line with rising shipments to meet a domestic shortfall, but imports from Australia dipped 10 percent.

Imports from Indonesia jumped to 5.15 million tonnes, still slightly below the 5.6 million tonnes shipped in from Austrlaia, customs data showed.

Imports from Indonesia are up nearly 37 percent so far this year, while shipments from Australia are down 2.1 percent. imports by utilities and steel mills have jumped sharply after China moved to tackle a glut and cut dependence on fossil fuels to help combat pollution.

Beijing has since taken steps to help domestic producers ramp up supply, but monthly output in November was still below last year's level.

Imports of North Korean anthracite jumped 37.5 percent in November from a year earlier to 1.91 million tonnes, the figures showed.

China's Commerce Ministry said earlier this month it will put a temporary ban on imports of North Korean coal. from Mongolia, a major exporter of coking coal used in steelmaking, rose 186 percent on a year earlier to 3.36 million tonnes. The figure was also well above October's 2.31 million tonnes.

Coal imports from Russia were also up strongly in November on a year earlier, jumping 84 percent to 1.7 million tonnes, while year-to-date imports were up 14 percent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.