China’s Coal Imports Fall Sharply as Domestic Output and Renewables Rise

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China's coal imports fell 9.6% in 2024 to 490 million tons due to increased domestic production and lower thermal power generation, marking the steepest decline among major commodities in a decade.

Market Impact

Market impact analysis based on bearish sentiment with 85% confidence.

Sentiment
Bearish
AI Confidence
85%
Time Horizon
Short Term

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China’s coal imports booked a decline last year, at 9.6% from 2024 to a total of 490 million tons. The sizable decline was driven by higher domestic production and a rare decline in thermal power generation, Bloomberg reported, citing official import data. The publication noted that the coal import decline was the steepest among all the major commodities that the country buys from abroad and that it was the sharpest annual decline in a decade. Gas imports declined by 2.8% last year, to a total of 127.87 million tons, Reuters said in a report…

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Original article published by OilPrice.com on January 14, 2026.
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