General Administration of Customs of China data showed that China's coal imports fell in December 2021 to 30.95 million tonnes, down 11.7% from November as domestic coal miners boosted output to record levels and utilities slowed the pace of replenishing inventories. For full year 2021, coal imports reached 323.22 million tonnes, the highest since 2013, and up from 303.99 million tonnes a year earlier.Chinese traders have been slowing overseas coal purchases after domestic miners responded to Beijing's call to ensure energy supply during winter by driving up output to a record high, while domestic coal prices more than halved.Unlike the previous two years, China did not impose an unofficial imports cap in 2021 amid efforts to ensure stable coal supplies to ease nationwide electricity shortages and to tame runaway coal prices.
General Administration of Customs of China data showed that China's coal imports fell in December 2021 to 30.95 million tonnes, down 11.7% from November as domestic coal miners boosted output to record levels and utilities slowed the pace of replenishing inventories. For full year 2021, coal imports reached 323.22 million tonnes, the highest since 2013, and up from 303.99 million tonnes a year earlier.Chinese traders have been slowing overseas coal purchases after domestic miners responded to Beijing's call to ensure energy supply during winter by driving up output to a record high, while domestic coal prices more than halved.Unlike the previous two years, China did not impose an unofficial imports cap in 2021 amid efforts to ensure stable coal supplies to ease nationwide electricity shortages and to tame runaway coal prices.
