Imports of coal and lignite through Shanghai in January and February were up 150 percent year on year. Shanghai imported 1.94 million tons of coal and lignite in the first two months. The average price for a tonne of coal stood at 316 yuan ($49), down 6.2 percent year on year. During the period, coal imports from Australia more than doubled year on year to 566,000 tons, encouraged by tax cuts due to a China-Australia free trade agreement that took effect in December.
