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2011 April 13   12:29

China's coal exports reach 2.59 mln metric tons in March

China's coal exports reached 2.59 million metric tons in March this year, 14.6% more than in the same period of last year, according to statistics released by China's General Administration of Customs, China Knowledge reports.

In March, China's coking coal exports were 770,000 metric tons.

No import figures were available.

China, the world's largest coal producer, may see its output of coking coal to reach 513 million metric tons in 2010, the China Securities Journal reported. The country's demand for coking coal may hit 569 million metric tons this year, and there will be 56 million metric tons of insufficiency between supply and demand.

With rising demand for coking coal, China will see its exports of coking coal decline but imports of the material increase. China and India are likely to replace Japan and South Korea as the world's largest coking coal importer, according to an earlier report from China Knowledge.

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