China's coal imports slipped in December from a month earlier as industrial activity slowed following a surge in COVID-19 cases after Beijing's sudden removal of stringent pandemic controls.
The world's top coal consumer brought in 30.91 million tonnes of the fossil fuel last month, versus 32.31 million in November, data from the General Administration of Customs showed on Friday. That was largely flat compared with 30.95 million tonnes imported in December 2021.
For 2022, coal shipments to China reached 293.2 million tonnes, down 9.2% from a year earlier, as the country boosted domestic coal production and urged utilities to sign term-deals with domestic miners to bolster its energy security. The policy led to China's domestic coal prices being much lower than supplies from abroad for many months as global coal prices soared over supply concerns after the Russia-Ukraine war.
The resumption of Australian coal shipments should also lead to higher imports, analysts at ANZ bank said in a note.three utilities and its top steelmaker to resume coal imports from Australia this month, after an unofficial ban on coal trade with Canberra in place since 2020.
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