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China March coal imports from Russia jump after North Korea ban- customs

Published 25/04/2017, 04:48 pm
© Reuters.  China March coal imports from Russia jump after North Korea ban- customs

BEIJING, April 25 (Reuters) - China's coal imports from Russia jumped to their highest in nearly three years in March, customs data showed on Tuesday, as the world's top buyer turned to alternative suppliers following its ban on imports from North Korea in February.

Arrivals from Russia gained 19.5 percent to 2.3 million tonnes, the highest monthly total since June 2014, data from the General Administration of Customs showed on Tuesday.

North Korea shipped zero coal last month, it said.

Overall coal imports rose, with big increases from Australia, Mongolia and Indonesia amid strong demand from steel mills, where output climbed to a record last month, and rallying domestic coking coal prices.

The higher steel output has raised more concerns about metallurgical coal supply after China banned high-quality anthracite imports from North Korean that are typically used for steel making.

Australian arrivals in March rose 15.75 percent from a year earlier to 6.66 million tonnes, while Mongolian shipments gained 56.35 percent to 3.05 million tonnes.

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