China’s coal imports more than tripled in volume in 2009 as domestic supplies were unable to meet the demand caused by the country’s 4 trillion yuan ($586 billion) economic stimulus package.
Coal imports jumped 110% to 130 million tonnes in 2009 with an average price of $84 per tonne, the General Administration of Customs (GAC) said Wednesday.
The GAC attributed the increase to higher domestic coal prices and a supply shortage caused by the increase in demand after the economic stimulus package increased demand for high-quality coking coal in the steel, cement and chemical industries.
China’s coal exports stood at 22.4 million tonnes last year, down 50.7% year on year with a value of $2.38 billion in value, a year-on-year decrease of 54.7 percent.
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