China’s 2017 thermal imports to surge by 30 million mt over 2016: Noble

11 Apr 2017   China

China’s thermal total coal import in 2017 is expected to surge by about 30 million mt over that in 2016, on the back increasing power generation, according to Noble Group. “The fundamentals in the coal market changed last year,” Rodrigo Echeverri, head of Noble Group’s energy coal analysis, said at the Coaltrans Conference in Shanghai on Monday. He said that there has been a demand shock in the thermal coal market without a supply response, which has helped support the prices. China’s thermal coal import during the first quarter of 2017 was about 12 million mt more than Q1 2016’s imports, Echeverri said. He pointed out that China’s thermal power generation in Q1 2017 increased 7% over Q1 2016’s, while output of coal increased by only about 4%. “Import of coal is very important for power producers and cement manufacturers in South China and they don’t have a ceiling […]

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