Chinese Coal Imports in H1 of 2021 Shrink by 20% YoY
General Administration of Customs fata showed that China’s coal imports in June 2021 rose 35% MoM to 28.39 million tonnes, highest level in 2021, driven by robust demand from power generation and industrial activity in the country. For the first six months this year, China imported a total of 139.56 million tonnes of coal, down 19.7% YoY
Several regions in southern China, including Guangdong and Yunnan, ordered factories to stagger operations amid tighter power supply conditions in the second quarter.
Coal fired-power plants are building up inventory as peak summer season kicks off in the country. The Chinese state planner has also been urging power plants, coal miners and transportation hubs to build around 100 million tonnes of deployable coal reserves by the year end.