China’s October coking coal imports dive further
China's coking coal imports fell further in October as tightened import restrictions on Australian coking coal discouraged such shipments, even as prices remained relatively lower.
China imported 5.68mn t of coking coal last month, down by 29pc from September and by 6.6pc from a year earlier, Chinese customs data show.
Imports from Australia slipped further to 1.95mn t in October, a drop of 40pc from the previous month. This drop was largely because of a halt in customs declarations and discharge of coal imports at various ports in China, with some ports banning Australian coal imports all together. Other ports subjected Australian coal imports to more stringent checks, which further discouraged Chinese steel producers from importing Australian coal unless necessary.
Coal exports from Mongolia to China also fell by 20pc to 2.86mn t amid reports of similar but more minor import restrictions on Mongolian coal. Mongolia remained the main coal exporter to China in October.
China increased imports of Russian coal by 76pc to 541,634t in October. This was mainly because some varieties of Russian coal were a viable alternative to Australian coking coal and could be imported with relative ease.
But coal imports from both the US and Canada fell in October to 161,203t and 171,561t, respectively.
The Argus spot price assessment for premium low-volatile hard coking coal averaged $147.67/t fob Australia in October, up by 4.76pc from $140.96/t on the same basis in September.
By Rou Urn Lee
source: Argus Media
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
