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According to statistics, the total coal export volume in 2008 was 45.43 million tons. Industry insiders expect the export volume in the last two months of this year to remain at around 2 million tons, and the total annual export volume will total less than 24 million tons, down 47% year-on-year. %the above.
According to the analysis of the General Administration of Customs, due to the impact of the global financial crisis, the external market demand has slowed and China's coal exports have shrunk dramatically. With the stabilization of the domestic economy, sustained economic growth has led to an increase in energy consumption, and domestic coal demand has continued to increase, which has played a certain role in suppressing the export of coal.
At the same time, the demand for coal in the domestic market has gradually increased and it has also led to the import of coal. After the fall of coal imports in July and August of this year, China's coal imports rebounded again in September, with imports reaching 12.55 million tons, an increase of 780,000 tons month-on-month, and an increase of 8.85 million tons or 235.9% year-on-year. Although the import volume in October has not yet been announced, the accumulated imports in the first 9 months have reached 85.7 million tons, an increase of 167% over the same period of last year.
Customs analysis indicated that the major coal exporting countries' encouragement of coal exports has brought about a significant change in China’s coal import and export structure. As of February 15, 2009, Vietnam has lowered its coal export tariff rate from 20% to 10%, which directly promotes China’s coal import growth from Vietnam.
The coke export data released at the same time shows that from January to October, China exported a total of 420,000 tons of coke and semi-coke, a decrease of 96.4% from the same period of last year, of which only 50,000 tons of coke was exported in October. Customs analysis said that due to the global financial crisis, the traditional export markets for coke in the EU, the United States, Japan, and South Korea, etc., have seen their output shrink sharply since the second half of last year. According to the statistics of the World Steel Association, the world crude steel output in the first half of this year decreased by 21.3% year-on-year, including 51.8% in the United States, 43.2% in the EU, 40.7% in Japan, and 30.2% in Russia.
Although recent major foreign countries’ steel production has rebounded, due to the implementation of export quota management in China’s coke and 40% export tariffs on coke, the price level of coke exports in China has been significantly higher than the international market, thus inhibiting the coke’s Export.
Annual coal export volume decreased by 50%
Preliminary data released by the General Administration of Customs on Wednesday showed that China exported 2.05 million tons of coal in October, a decrease of 20% from the same period last year. Accumulative exports in the first 10 months totaled 18.9 million tons, down 50.6% from 38.28 million tons in the same period of last year. Industry insiders predict that coal exports this year may fall by nearly 50%.