GACC: China's thermal coal imports fall 8% YoY in March

China's thermal coal imports declined in March, as elevated seaborne prices and ample domestic supply cooled buying interest. Imports of the power generation fuel totalled 25.92 million tonnes during the month, down 8.2% year on year, according to data from the General Administration of Customs (GACC).

Thermal coal accounted for 66.4% of China's total coal imports of 39.06 million tonnes in March. Coking coal made up 31.8% or 12.42 million tonnes, while anthracite comprised the remaining 1.8% or 0.7 million tonnes. The decline in volumes was accompanied by a drop in import value. Total spending on