Coal imports hit record due to chilly weather
Updated: 2011-01-20 12:23
By Fayen Wong (China Daily)
Coal being unloaded at the imported coal wharf of Lianyungang Port, in East China's Jiangsu province, in late 2010. [Photo / China Daily]
That's according to data supplied by the China Customs Statistics (CCS) Information Center on Wednesday.
December's robust numbers mean the country's full-year coal imports were a record 166.16 million tons in 2010, a 32 percent jump from the 125.83 million tons posted in 2009, according to Reuters calculations.
Some analysts said the strong surge in imports - partly prompted by a demand surge during the harsh winter months in the first quarter and large price differentials in the second - would set the tone for 2011.
Net coal imports for 2010 are also expected to exceed analysts' expectations of 133.5 million tons, according to a median prediction of 10 analysts polled in late November.
It was not clear how much of December's record imports comprised coking coal, but cold weather in the last two months has strained power supplies and pushed coal stocks at power generators to dangerously low levels in some provinces.
The previous monthly high was 16.4 million tons in December 2009. Shipments to China, the world's top producer of coal, have surged since 2008 after output in Shanxi and Shaanxi, its top two coal mining provinces, slowed on the back of a consolidation drive.
China imported 460,000 tons of diesel in December, nearly five times the year-ago level, data showed, as the world's top energy consumer battled a shortage of the fuel.
Gasoline exports last month were about 360,000 tons, versus 485,622 tons a year ago, data from CCS showed.
On Tuesday, Premier Wen Jiabao called for more diesel supplies and efforts to ensure normal power and natural gas supplies in the first quarter.
China's diesel shortage, caused when power users switched to diesel generators to skirt a crackdown on coal-fired power, has eased after the government raised fuel prices last month and refiners produced a record amount of fuel and slashed exports.
Combined inventories of gasoline, diesel and kerosene held by China's top two oil firms gained about 6 percent in November versus October, reversing declines in the previous eight months, as refiners raised production to record rates, slashed exports and boosted imports in response to the diesel shortage.
CCS is the official supplier of Chinese customs data outside China.
President Hu Jintao is on a state visit to the US from Jan 18 to 21.
The discovery of the fossile of a female pterosaur nicknamed as Mrs T and her un-laid egg are shedding new light on ancient mysteries.
China's GDP growth jumped 10.3 percent year-on-year in 2010, boosted by a faster-than-expected 9.8 percent expansion in the fourth quarter.