Make Kitco Your Homepage

China March coal imports from Russia jump after North Korea ban- customs

Kitco News

BEIJING, April 25 (Reuters) - China's coal imports from Russia jumped to their highest in nearly three years in March, customs data showed on Tuesday, as the world's top buyer turned to alternative suppliers following its ban on imports from North Korea in February.

Arrivals from Russia gained 19.5 percent to 2.3 million tonnes, the highest monthly total since June 2014, data from the General Administration of Customs showed on Tuesday.

North Korea shipped zero coal last month, it said.

Overall coal imports rose, with big increases from Australia, Mongolia and Indonesia amid strong demand from steel mills, where output climbed to a record last month, and rallying domestic coking coal prices.

The higher steel output has raised more concerns about metallurgical coal supply after China banned high-quality anthracite imports from North Korean that are typically used for steel making.

Australian arrivals in March rose 15.75 percent from a year earlier to 6.66 million tonnes, while Mongolian shipments gained 56.35 percent to 3.05 million tonnes.

(Reporting by Meng Meng, Josephine Mason and Beijing newsroom; Editing by Christian Schmollinger)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.