BEIJING, Sept. 24 -- China imported 11.77 million tons of coal in August, down 15 percent from the 13.89 million tons in July. Despite the decline, August's coal imports still marked the third highest in history.
Since China's coal imports hit the historical high of 16.07 million tons in June, China's monthly coal import in the recent three months has topped 10 million tons. The coal imported from June to August, 41.73 tons, managed to exceed the total coal import of the year prior.
Market observers noted that the month-on-month decline of coal imports is due to the rise of coal prices in the international market, and has relation to the developing trend of China's macroeconomy.
China imported over 75 million tons of coal from January to August; five times the coal exported in the period. It is very likely that the country will become a net importer this year if imports in the following 4 months don't see a sharp decline.