article on Chinas coal imports. last month's coal imports...

article on Chinas coal imports.
last month's coal imports also notched an all-time monthly high of 47.3 million tons, up 8.7% from November, as a record-breaking cold wave in many parts of the country drove up coal demand.

Buyers had also begun stocking up ahead of the Lunar New Year holiday, which begins on Feb. 10 this year.

China's cabinet last month reinstated coal import tariffs of 3%-6% on nations without bilateral free trade agreements, effective from January 2024 and applying largely to key suppliers Mongolia and Russia.

However, traders say the tariffs will not erase imported coal's price advantage, leading to a likely rise in imports again in 2024.

Mongolian coal imports, in particular, ware likely to continue increasing as the two countries worked to improve rail links and simplify customs clearance last year.