cryptogameunrealengine| Imports of coking coal increased significantly from the previous month: 10.949 million tons in April, a year-on-year increase of 29.4%

News summary

China's coking coal imports increased by 21 per cent month-on-month in Aprilcryptogameunrealengine..7%, a year-on-year increase of 29.4% to 10.949 million tons, the second highest in history. Mongolia and Russia are the main source countries. The market is expected to pull back slightly, and we need to pay attention to changes in Shanxi's output.

Newsletter text

[China's coking coal imports hit the second highest in history in April]

The latest data released by the General Administration of Customs of China shows that monthly imports of coking coal soared to 10.949 million tons in April this year, a year-on-year surge of 29.4% and a month-on-month increase of 21.7%.

According to statistics, the cumulative import volume of coking coal from January to April reached 37.84 million tons, an increase of 23.1% over the same period last year. This upward trend not only suggestscryptogameunrealengineThe prosperity of the coking coal market also reflects the steady growth of China's demand for coking coal.

Specifically, by April 2024, the monthly import volume has reached the second highest level in history, second only to December 2023. At that time, imports increased significantly in December due to the impact of the restoration of imported coal tariffs.

Judging from country import data, Mongolia and Russia are the main sources of coking coal imports. Mongolia's cumulative imports from January to April reached 19.102 million tons, accounting for more than half of the total, reaching 50.5%. It was closely followed by Russia, with imports of 9.717 million tons, accounting for 25.7%.

Other major suppliers include Canada, the United States, Australia, Indonesia, Colombia and new Zealand. These countries account for a relatively small proportion of imports, but still contribute to total imports of coking coal.

Although the domestic coking coal output in Shanxi has decreased this year, due to the large supply of imported coking coal and the stable demand for downstream industries, there has been no shortage in the domestic coking coal market.

Looking to the future, with the recovery of coking coal production capacity in Luliang, Shanxi Province and the gradual increase in coal mines, the supply of coking coal is expected to further improve. At the same time, the coke market is currently facing price adjustments, and corresponding changes are expected in the coking coal market.

Market participants should pay close attention to the production release in Shanxi to obtain the most timely information on the coking coal market.