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BIZCHINA> China Energy
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Coal imports surge on higher domestic rates; exports down
By Xiao Yu (China Daily)
Updated: 2009-07-23 07:57 China's coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 million tons, according to statistics released yesterday by China Customs. Coal exports, at 11.7 million tons during the same period, decreased by 54.2 percent. Net coal imports reached 36.6 million tons, compared to 3.9 million tons in the same period last year. China's raw coal output totaled 1.4 billion tons in the first half of the year, up 8.7 percent year on year, 6.1 percentage points lower than a year ago period, the National Development and Reform Commission disclosed on its website yesterday. Analysts said the relatively higher domestic coal prices might have been the reason for the increase in coal imports.
The tussle between the coal miners and power generators would push some of the enterprises to seek overseas coal, analysts said. Early this month, some enterprises in Guangdong province, including Guangdong Yuedian Group, signed contracts for coal supply with the Vietnam Coal Corp (VINACOL)... The full text is available in the July Issue of China Energy. Please visit E-shop for more subscription details. (For more biz stories, please visit Industries)
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