China’s April coal imports up 11% on month
May 07, 2020 18:15
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China’s imports of coal and lignite grew by 11% on month or 22% on year to reach 30.9 million tonnes in April, Mysteel Global calculated based on data from China’s General Administration of Customs (GACC) published on Thursday. The growth of imports was prompted by sliding coal prices and recovering imports of Mongolian coal, according to analysts.
“It seems that the ‘stringent’ measures to control coal imports since Q1 had only a limited effect,” remarked a market watcher in North China. “Over the past two months domestic buyers remained enthusiastic about foreign coal procurement, chiefly because of the sustained decline in coal prices,” he explained.
As of April