Group 1: Report Information - Report title: Coal and Coke Data Flash - January - February 2026 Coal Import Data [1] - Date: March 10th - Researcher: Hou Jian, Professional Qualification F03126001, Trading Consultation Z0023671 [4] - Contact phone number: (010)56711796 [4] - Research institution: Green大华 Futures Research Institute, with CSRC license [2011]1288 [4] Group 2: Industry Investment Rating - No information provided Group 3: Core Views - In February, the coal market experienced a seasonal decline due to the Spring Festival. The reduction in imports from Indonesia has shown a marginal impact on domestic imports [3] - The total coal and lignite imports from January - February 2026 were 7,722.2 million tons, a slight increase of 1.45% compared to the same period in 2025 (7,612 million tons) [3][4] - In March, the marginal impact of Indonesian policies needs to be monitored in conjunction with the port - gathering intensity of coal transportation from the north to the south in China and the increase in domestic raw coal production [4] Group 4: Data Summary - China's coal and lignite imports in February 2026 were 3,094.3 million tons [3] - China's coal and lignite imports from January - February 2026 were 7,722.2 million tons [3]

Report Overview - The report is titled "Coal and Coke Data Flash - November 2025 Coal Import Data" [1] Key Data - From January to November 2025, the cumulative total of national coal imports was 43,167.6 thousand tons, a decrease of 5,860 thousand tons compared to the same period last year (99,027.8 thousand tons), a year-on-year decrease of 12.0% [3] - In November, the national coal import volume was 4,405.3 thousand tons, a year-on-year decrease of 19.9% and a month-on-month increase of 5.5% [3]