Russian coal shipments to China plunge 86% in September
By Colleen Howe and Mei Mei Chu
BEIJING, Oct 20 (Reuters) -China's coal imports from Russia sank 86% in September from the same month a year earlier, customs data showed on Sunday, as sanctions on Moscow continued to weigh.
Russia's coal shipments to China last month were 1.3 million metric tons, according to the General Administration of Customs. That was also down from 8.7 million tons in August.
Russian Prime Minister Mikhail Mishustin told Chinese Premier Li Qiang on Wednesday that the bilateral energy partnership was comprehensive and had acquired a strategic character, mentioning coal as well as oil, gas and nuclear.
But Russian companies have faced even higher hurdles to cross-border trade since Chinese banks tightened compliance in August after Western threats of secondary sanctions over Russia's invasion of Ukraine, according to Russian sources.
In September, China's coal imports from all sources reached a record high 47.59 million metric tons, according to customs data, as domestic coal became more expensive compared with international coal prices.
For the year to September, Russian shipments to China were down 19% year-on-year to 64.4 million tons.
Imports from top supplier Indonesia rose 18% to 21.27 million tons in September, according to the data.
Mongolian imports rose 4% to 6.99 million tons.
Australian coal exports to China rose 62% to 7.79 million tons. For the year to date, shipments were up 78%, recovering from an informal import ban that ended last year.
Reporting by Colleen Howe and Mei Mei Chu; Editing by William Mallard
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