GACC: China's coal imports fall 9.8% on year in October

China imported 41.74 million tonnes of coal of all types during October, down 9.8% on year and 9.3% on month, according to the latest data released by the General Administration of Customs (GACC) on November 7.

As the import value was $2.98 billion, Mysteel Global calculated the average import price at $71.4/t, down 19.6% on year but up 5% from September. The month-on-month price gain aligned with the upward trend in prices of China-bound coal through October. For instance, Indonesian 3,800 kcal/kg NAR thermal coal (largely