AIRLINK 68.40 Increased By ▲ 3.81 (5.9%)
BOP 5.75 Increased By ▲ 0.15 (2.68%)
CNERGY 4.71 Decreased By ▼ -0.01 (-0.21%)
DFML 22.32 Increased By ▲ 1.56 (7.51%)
DGKC 71.31 Decreased By ▼ -0.09 (-0.13%)
FCCL 20.05 Increased By ▲ 0.10 (0.5%)
FFBL 30.80 Increased By ▲ 0.35 (1.15%)
FFL 10.06 Increased By ▲ 0.01 (0.1%)
GGL 10.03 Decreased By ▼ -0.02 (-0.2%)
HBL 116.75 Increased By ▲ 5.75 (5.18%)
HUBC 131.50 Increased By ▲ 0.66 (0.5%)
HUMNL 6.73 Decreased By ▼ -0.12 (-1.75%)
KEL 4.43 Increased By ▲ 0.04 (0.91%)
KOSM 4.73 Increased By ▲ 0.39 (8.99%)
MLCF 37.56 Decreased By ▼ -0.19 (-0.5%)
OGDC 135.30 Increased By ▲ 1.45 (1.08%)
PAEL 22.89 Increased By ▲ 0.32 (1.42%)
PIAA 27.18 Decreased By ▼ -0.37 (-1.34%)
PIBTL 6.27 Decreased By ▼ -0.04 (-0.63%)
PPL 116.00 Increased By ▲ 1.05 (0.91%)
PRL 27.54 Increased By ▲ 0.32 (1.18%)
PTC 16.45 Decreased By ▼ -0.05 (-0.3%)
SEARL 60.90 Increased By ▲ 0.20 (0.33%)
SNGP 67.20 Increased By ▲ 2.05 (3.15%)
SSGC 11.30 Decreased By ▼ -0.05 (-0.44%)
TELE 9.04 Increased By ▲ 0.07 (0.78%)
TPLP 11.43 Increased By ▲ 0.18 (1.6%)
TRG 70.92 Increased By ▲ 1.87 (2.71%)
UNITY 23.71 Increased By ▲ 0.27 (1.15%)
WTL 1.39 No Change ▼ 0.00 (0%)
BR100 7,375 Increased By 50.1 (0.68%)
BR30 24,405 Increased By 347.4 (1.44%)
KSE100 70,975 Increased By 430.2 (0.61%)
KSE30 23,361 Increased By 170.3 (0.73%)

BEIJING: China’s September coal imports surged 27.5% on the prior year, customs data showed on Friday, as buyers continued to bring in cheaper supplies from abroad ahead of the winter peak season.

Imports came to 42.14 million metric tons, close to August’s record 44.3 million tons.

The recent strong coal imports are being supported by rising domestic coal prices. Qinhuangdao free-on-board (FOB) coal, a domestic benchmark, was assessed at $151.68 per ton most recently on Oct. 9, up from a more than two-year low of $116.42 on June 19.

That was partly as a result of mine safety inspections following a series of accidents that temporarily tightened supply.

The spot price for 5,500 kilocalories (kcal) coal from Australia’s Newcastle port was assessed at $143.22 per ton on Oct. 9.

Dalian coking coal at over 3-month high as rains disrupt supply

Higher industrial usage and seasonal restocking activity ahead of colder weather in northern China also contributed to strong demand for thermal coal.

During the nine months from January to September, China purchased a total 347.65 million tons of coal, up 73.1% from the same period in 2022, the customs data also showed.

Comments

Comments are closed.