GACC: China's coal imports stay elevated in Oct despite 3% dip MoM

China's imports of all types of coal soared by 28.5% on-year to reach 46.25 million tonnes in October, as against 35.99 million tonnes in the same month last year, according to data released by the General Administration of Customs China (GACC) on November 7.

This came despite a 2.8% fall from a historical high of 47.49 million tonnes recorded in September, Mysteel Global notes, possibly due to the impact of the National Day holiday over October 1-7 when China Customs posts worked fewer days. By value, the imports totalled $4.11 billion in October, up