MOSCOW TIME: 20.09.2019 00:39:38

Export/Import

China increases Russian coal imports

China increases Russian coal imports

China's first-half receipts of Russian thermal coal rose by 15pc from a year earlier to 9.4mn t, Chinese customs data show, with imports of bituminous coal registering the most significant growth.

Russian suppliers benefited from restrictions on imports of Australian coal imposed by the Chinese government.

Russia's share of thermal coal imports to China increased by 1.2 percentage points on the year, to 9.4pc in January-June. Russia remains the third-largest supplier to China after Indonesia and Australia. The key Russian thermal coal suppliers to China are mining companies Suek, Kuzbassrazrezugol, Kuzbasskaya Toplivnaya Kompaniya (KTK) and SDS-Ugol, Russian customs data show.

China's imports from Indonesia, the largest supplier of thermal coal for Chinese consumers, rose by 10pc on the year to 76.4mn t in the first half of 2019. Indonesia has continued to increase bituminous coal exports to China since April, partly because of the restrictions on Australian coal. Indonesia's share of Chinese thermal coal imports rose by almost seven percentage points on the year to 76.4pc in January-June.

Meanwhile, China's receipts of Australian thermal coal fell by almost 16pc on the year to 21.2mn t in January-June. But Australia remains the second-largest supplier to China despite Beijing's decision in February to extend customs clearance for Australian coal cargoes. Chinese buyers, including those with long-term contracts or their own ports, continue to purchase Australian coal, as relatively low prices offset the uncertainty surrounding China's import policy.

China's total imports of thermal coal — including bituminous and sub-bituminous coal, and lignite edged up by 1.1mn t, or 1pc, from a year earlier to 113.4mn t in January-June.

Source:www.argusmedia.com

:

China Russia coal import export

Share this:

Share this Share this Share this

NEWS


04.09.2019 Russias trade turnover with African states up 17% in 2018

Russias trade turnover with the African states increased by more than 17% in 2018 to $20.4 bln. A representative of the Russian Foreign Ministry told TASS that the majority of...

21.08.2019 Taiwanese delegation to promote agriculture in Russia

A Council of Agriculture-led delegation from Taiwan is to travel to Moscow on Wednesday next week to take part in a two-day promotion of Taiwanese agricultural products.

21.08.2019 Russia, China to reach $200 bln worth of trade turnover by 2024

Moscow and Beijing have set the target of boosting trade turnover to $200 bln by 2024, Chinas new Ambassador to Russia Zhang Hanhui told reporters.

EVENTS


01.10.2019 RUSSIAN ENERGY WEEK

October 1-5, 2019 Moscow (Russia)

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners