February 22, 2025

January-August Coal Imports in Lianyungang soared

From January to August, Lianyungang Inspection and Quarantine Bureau examined a total of 115 batches of imported coal, 5,106,200 tons, and 604 million US dollars, which was a year-on-year increase of 76.9%, 45.3%, and 19.5%, respectively, and the weight and value of the imported coal accounted for 80.7% of the previous year. , 66.98%, an obvious increase.

Since the beginning of this year, under the influence of the international financial crisis and the European debt crisis, the global economy has been in a downturn, the coal demand in major economies has weakened, and international coal prices have shown a downward trend. Domestic coal supply is insufficient. Affected by various factors such as the rapid economic development in China and the rectification of coal mining, the domestic coal supply cannot meet the needs of economic development. Each year, there is a shortfall of coal demand of several hundred million tons, which drives the continuous increase of China’s imported coal.

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