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China will make this year a net importer of coal

February 26, 2010 @ 7:34 pm In Other Editorial

Articlebase reported on China will make this year a net importer of coal:

Li Jing said China September coal imports reached 1,255 million tons, compared with 6.6% growth in August, to resume an upward trend. The first quarter of 2009 to the third quarter, net imports rose by 2200% chain. Because domestic coal demand, especially from the power plate demand is growing faster growth in the fourth quarter, JP Morgan expects coal prices to rise. Qinhuangdao Port coal currently inventory hovering at 400 million tons, substantially lower than the first half of 2009 the average level of 5.4 million tons.

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