GACC: China's coal imports hit record high in December

China's imports of all types of coal surged to a record high of 58.6 million tonnes in December, up 11.9% year on year and jumping 33% from November, according to data released by the General Administration of Customs (GACC) on January 14.

With the total import value at $4.57 billion – down 0.3% on year but up 42.6% on month – Mysteel Global estimated the average import price at $78/tonne, marking a 10.9% year-on-year decline while rebounding 7.2% from November. This reflected China's seasonal restocking to shore up energy security ahead of