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The British media reported this morning that as China's domestic coal production cannot keep up with the huge demand, China's net coal imports are expected to soar by 63% next year, exceeding 200 million tons.
According to reports, next year, China’s net coal imports will increase from 143 million tons this year to 233 million tons. The price of domestic and international coal will also increase.
Industry Analysis US Citigroup stated that the huge demand from power, steel and cement producers will increase the demand for coal in China. Compared with this year, the demand in 2011 will increase by 7.3%. The supply of coal will also increase by 4.8% to 3.38 billion tons.
Citigroup stated that China's coal imports will not only drastically increase the price of international coal, but will also increase coal freight rates due to the need to import coal from the United States and other places. Citi expects that the price of China's coal contracts will increase by 8% next year. Compiler/reporter Li Shixiang's investment in oil and natural gas accounts for 20% of the world's Japanese media. Japanese media reported yesterday that from January to October this year, Chinese companies invested US$ 24.6 billion to ensure the rights and interests of overseas oil and natural gas development, which accounted for about the amount of global investment. 20%.
According to a survey conducted by the Wood Mackenzie Energy Consulting Company in the United Kingdom, two years ago, Chinese companies’ oil and natural gas investment accounted for only 4% of the world's total, and their share is now rapidly expanding.
The survey and analysis believes that Chinese companies have become more active in ensuring the rights and interests of oil and natural gas development in view of the huge blow caused by the increase in crude oil prices in 2007-2008 and the forecast that the price increase will continue for a long time.
China's coal net imports will soar by 63% over 200 million tons next year
China's net coal imports will soar 63% next year