According to specialists from
coking coal, steel, logistics and investment companies in
China, in 2011 the country's
coking coal output will reach 513 million mt, while
coking coal demand in
China for the year will total 569 million mt. Demand would thus exceed domestic output for the year by 56 million mt.
The specialists also expressed the view that the worldwide shortage of
coking coal supply will push prices upward in 2011. Chinese
coking coal imports are likely to come mainly from
Mongolia and
Russia.
China has limited
coking coal reserves. The
coking coal reserves of
China's Shanxi Province account for 52.percent of national reserves and the province's
coking coal output is over 20 percent of national total output or equal to around 13 percent of global
coking coal output.