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Annual Report 2010 - Verein der Kohlenimporteure eV

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Infrastructure<br />

China’s infrastructure is steadily being expanded,<br />

strongly supported by the economic stimulus<br />

programme that started in 2009. Shenhua Group<br />

alone announced that it wanted to invest about US$<br />

5.3 billion in 2011, of which 40% would be spent<br />

on railway and port infrastructure. Chinese railways<br />

transported about 1.5 billion tonnes of coal in <strong>2010</strong>,<br />

almost 45% of total output. Expansion of the railway<br />

system is a great challenge for China because more and<br />

more coal must be transported from the north and west<br />

to the consumer centres in the south. China’s largest<br />

coal port, Quinhuangdao, handled 224 Mt of coal in<br />

<strong>2010</strong>, overstretched beyond its capacity. Plans also<br />

exist to expand the capacity of the ports of Huanghua<br />

and Tianjin.<br />

Imports/Exports<br />

China’s import-export development in <strong>2010</strong> had a major<br />

effect on quantities and prices on the international hard<br />

coal market. China’s change from being a net exporter<br />

to a net importer of coal, first observed in 2009,<br />

continued.<br />

Chinese Import/Export Development<br />

Change<br />

2009 <strong>2010</strong> 2009/<strong>2010</strong><br />

Mt Mt<br />

Mt<br />

Steam Coal Imports<br />

92* 119*<br />

+ 27<br />

Coking Coal Imports<br />

35 47<br />

+ 12<br />

Total Imports 127 166 + 39<br />

Steam Coal Exports<br />

22* 18*<br />

- 4<br />

Coking Coal/Coke Exports 1 4<br />

+ 3<br />

Total Exports<br />

<br />

LB-T37<br />

23 22 - 1<br />

Additional imports of 39 Mt and 4 Mt less exports of<br />

steam coal influenced the world market by a net amount<br />

of 43 Mt. This provided some compensation to coal<br />

exporting countries for the weak demand for steam coal<br />

and coking coal in the Atlantic region during the first<br />

half of <strong>2010</strong>.<br />

China’s total exports declined by 1 Mt to 22 Mt in <strong>2010</strong>.<br />

Exports of steam coal fell further, by 4 Mt to 18 Mt<br />

(including anthracite), while exports of coking coal<br />

changed only minimally.<br />

The export of coke increased from 0.5 Mt in 2009 to<br />

3.3 Mt in <strong>2010</strong>. The largest customers for the sharply<br />

reduced exports of steam coal and coking coal were<br />

<br />

Mt).<br />

Chinese Coal Exports by Quality<br />

2008<br />

Mt<br />

2009<br />

Mt<br />

<strong>2010</strong><br />

Mt<br />

Steam Coal 35.9 18.5 13.6<br />

Coking Coal 3.5 0.6 1.1<br />

Anthracite 6.1 3.2 4.2<br />

Total 45.5 22.3 18.9<br />

Coke<br />

LB-T38<br />

12.1 0.5 3.3<br />

China’s 31% increase in coal imports strongly<br />

influenced the world market. It was covered mainly<br />

<br />

<br />

Vietnam supplied 18 Mt of anthracite, largely to<br />

south-west China, and coal was also imported from<br />

the Atlantic region, including from the USA, Canada,<br />

Colombia and South Africa.<br />

83

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