Manchuria port sees coal imports up during the first seven months
2017-09-01 17:29:56 [Print]
According to Manchuria Customs, from January to July, 900,000t of coal were imported via the port, up by 6.4 times compared with the same period of last year; and the value for the imports were RMB2.77 billion, sharply up by 9.1 times YOY. The average import price was RMB448/t, up by 36.5% YOY.
The imports presented various characteristics. In view of enterprises location, the materials were all imported from Russia by state-owned companies in Heilongjiang. In view of trading methods, more than 90% of the imports were general trade with a figure of 851,000t, up by 6.3 times, accounting for 94.6% of the total imports; while the other 264,000t were imported by small amounts via the border, surging by 9.3 times. In view of specifications of coal, the imported materials were mainly other bitumite and the importing volume stood at 830,000t, up by 52.3 times, accounting for 92.2% of the total imports with value up by 76.4 times to RMB2.61 billion; besides, the import for lignite up by 269.1 times to 56,000t with value of RMB0.1 billion, up by 341.9 times; the others were a little of coking coal and anthracite.
The reasons for above features were as follows: firstly, the downstream industry developed rapidly, promoting coal demand. In specific, the electricity, iron and steel, construction materials, chemical and petrochemical industries’ electricity consumption accounted a half of the whole social use. In H1 this year, coal demand in East and South China increased by 70 million tons; of which 71.4% were from ports in North China. Secondly, China suspended importing coal from North Korea from 19 February to 31 December, 2017 in response to the decision No. 2321 of UN Security Council, which had stimulated coal imports around Manchuria port.
The imports presented various characteristics. In view of enterprises location, the materials were all imported from Russia by state-owned companies in Heilongjiang. In view of trading methods, more than 90% of the imports were general trade with a figure of 851,000t, up by 6.3 times, accounting for 94.6% of the total imports; while the other 264,000t were imported by small amounts via the border, surging by 9.3 times. In view of specifications of coal, the imported materials were mainly other bitumite and the importing volume stood at 830,000t, up by 52.3 times, accounting for 92.2% of the total imports with value up by 76.4 times to RMB2.61 billion; besides, the import for lignite up by 269.1 times to 56,000t with value of RMB0.1 billion, up by 341.9 times; the others were a little of coking coal and anthracite.
The reasons for above features were as follows: firstly, the downstream industry developed rapidly, promoting coal demand. In specific, the electricity, iron and steel, construction materials, chemical and petrochemical industries’ electricity consumption accounted a half of the whole social use. In H1 this year, coal demand in East and South China increased by 70 million tons; of which 71.4% were from ports in North China. Secondly, China suspended importing coal from North Korea from 19 February to 31 December, 2017 in response to the decision No. 2321 of UN Security Council, which had stimulated coal imports around Manchuria port.
