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Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS


Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.91mln tons of coal, a reduction of 43.2% compared to 3.37mln tons in same period of 2008, but up by 54% month on month.

In June 2009, China's coal exports created the low point of 1.14mln tons, till now it successively climbed month on month for three months.

Analysts thought that the summer coal-using peak in Northern Hemisphere may be the main reason pushing up the coal exports, and the generally restoring global economy may also drive the coal demand.

However, coke demand continues sluggish, in January-August, coke exports were 320,000 tons accumulatively, among them, in August, the coke exports were 40,000 tons. General Administration of Customs analyzed that due to the influence of the international financial crisis, the world's steel demand remained weak, large-scale enterprises all over the world began to reduce production, and coke demand became shrink.

In addition, the major coke importer such as Brazil, India generally increased assorted production capacity, more tending to import coking coal and automatically smelting coke, and gradually reduced the dependence on China's coke.
Source: Alibaba



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