SXCOAL.COM: COAL FROM RUSSIA TO MANCHURIA HAS DOUBLED IN I-II
The Inner Mongolian imports of Manchurian coal imports in the first two months of the year were doubled to 745 thousand tons. It’s about 220 million yuan (approximately $ 19 million), according to customs data from China. Due to the policy of reducing its capacity to China, the volume of freight has dropped, thereby increasing domestic coal prices.
In this regard, end-users have been keen to increase their coal imports from other countries, according to a customs declaration. China’s state-owned coal imports increased by 99.6 percent to 702,000 tons in the first two months of the year. Private sector companies started importing coal from Russia and imported 43 thousand tons, according to Sxcoal.com.
Nine provinces of the PRC have announced a reduction of 66 million tonnes in 2018. For example, Gansu Province plans to close 22 coal mines and cut its capacity by 4.71 million tonnes. “Southgobi Sands”, “Terra Energy”, “MAK”, “Shenhua Mak”, and “Growing coin” companies operating in the Nariinsukhait group of coal are exporting coal to Gansu Province.
