GACC: China's Jan-Feb coal imports down 14% YoY

China's coal and lignite imports over January-February decreased to 35.4 million tonnes, down 14% on year, according to new data from the country's General Administration of Customs on March 7.

"The notable on-year decline over January-February was largely attributed to the decrease in bookings from domestic power plants, as the recovery in domestic coal output now underway has eased the previous supply tightness," a Shanghai-based market watcher explained. For example, by the end of February, China's domestic output of all