GACC: China's coking coal imports in Feb down 11.5% MoM

China's total imports of coking coal in February decreased by another 11.5% from January to reach 8.85 million tonnes, logging a new low since March last year, according to the new data released by the country's General Administration of Customs on Friday.

The February decline extended the monthly downtrend for a third consecutive month, suggesting that Chinese buyers' purchasing zest from the import market cooled in response to subdued market activity, partly due to the Chinese New Year holidays lasting from January 28-February 4. Moreover, a graver supply-demand imbalance in China's domestic