Guangxi is now China's largest coal importer
Ports in China's southwestern Guangxi Zhuang region surpassed their counterparts in neighboring Guangdong province to become the country's largest throughput of coal imports in 2011.
Ports in Guangxi recorded a total throughput of over 27 million tonnes of coal in 2011, up 61.3 percent over the previous year and accounting for 15 percent of China's total.
Guangxi is not a coal production region. With increasing demand for power from local industrial users, coal imports have grown fast, as the region struggles to meet capacity through hydropower.
China's largest coal producer, China Shenhua Group Co. Ltd., signed an agreement with the Guangxi regional government late last year to build Asia's largest thermal power project in Beihai city.
It will boast eight power generators with a capacity of one million kw each in five years.
Zhang Xiwu, chairman of Shenhua, said Guangxi lacks coal mines but has deep-water ports.
To ensure industry's supply of raw materials, Guangxi needs to build four docks with a handling capacity of 100,000 tonnes each to allow Shenhua's cargo ships to unload coal sent from the company's mines in Indonesia and Australia.
Guangxi's coal was mainly imported from Vietnam, Indonesia and Australia last year. The province's imports from Vietnam jumped by 42.8 percent in 2011 to 11.7 million tonnes. Customs officials attributed the rise to the price advantage of Vietnam's coal.
其他 Market analysis 文章
- Beijing's struggle to keep arable land away from the developers
2009-06-25 - The iron-ore deposit that grows with every headline
2009-06-26 - The end of scientific development, return to property speculation
2009-07-02 - CNOOC looks to unconventional oil and gas to increase production
2012-01-19 - Hang Seng Index climbs 1.3%, strong start to year
2012-01-20 - China's Shanghai Index kicks on signs of easier monetary policy
2012-01-20 - Guangdong inks 10% GDP growth
2012-01-20 - Hang Seng Index hits three months high
2012-01-23 - China stock index broaches 2,300 level
2012-01-23 - China Guangdong Nuclear Power Group closer to offer for uranium company
2012-01-23 - China's steel output up 8.9% in 2011
2012-01-23 - Shanghai's GDP grows 8.2% in 2011, strong retail sales
2012-01-24 - Hong Kong stocks climb 1.6%, highest close since Sept. 1
2012-01-27 - Hang Seng Index unchanged in light Fri trading
2012-01-27 - Hang Seng Index rises for sixth session, valuations still cheap
2012-01-28

