GACC: China's coal exports slump 50% MoM in Sept

Total exports of all types of coal and lignite from China in September plunged by 50.3% on month to reach 480,090 tonnes, the lowest since June, according to the latest data from the country's General Administration of Customs (GACC). The volume was still higher by 11.5% from September last year though, the Customs statistics show.

The total export value of the commodity had also declined by a substantial 55% from August to reach $80.86 million last month, according to the data. This translates to $168.4 for each tonne of coal exported last month, lower by $17.8/t from the August average, Mysteel Global calculates. Last month,