GACC: China's Nov coal imports plunge 20% YoY

China imported 44.05 million tonnes of coal in November, a 19.9% decline from a year earlier but a 5.5% rise from October, according to data released by the General Administration of Customs (GACC) on December 8.

Based on an import value of $3.21 billion – down 35.3% YoY but up 7.7% MoM – Mysteel Global estimated the average import price at $72.8/t, marking a 19.2% decrease from November last year and a 2% increase from October. The year-on-year drop was largely a result of the exceptionally