China Coal Imports Drop 6% in September as Prices Hit 2024 Highs

Key Facts

1China's coal imports in September fell 5.7% year-on-year to 43.37 million tons.

2The average import price for China’s coal jumped in September to its highest level since 2024.

China's coal imports in September fell 5.7% year-on-year to 43.37 million tons. According to preliminary data from the General Administration of Customs (GACC), while import volumes rose 3% compared to August, they remained significantly lower than the levels recorded during the same period last year.

The average import price for China’s coal jumped in September to its highest level since 2024, according to Mysteel Global. This price surge was driven by restricted supply from Indonesia and a reduction in domestic production, though robust existing inventories in China helped mitigate the immediate impact of the supply constraints.