Group 1: Report Core Information - The report is about coal and lignite import data in June 2025 and related market analysis [1][2] Group 2: Industry Investment Rating - Not provided Group 3: Core Views - The decline in coal prices is mainly due to domestic trade pressure, and imported coal is in a following state. After the price of coking coal stabilizes, it rebounds. The situation of month - on - month import reduction is expected to ease in July, but the annual coal import volume will decrease. The static annualized coal import volume in 2025 is only 440 million tons, a significant reduction compared to last year's 640 million tons. Whether it can return to the pre - pandemic soft quota range of 300 million tons requires more policy guidance [2] Group 4: Data Summary - In June 2025, China imported 3007000 tons of coal and lignite, a decrease of 3003000 tons from the previous month, a month - on - month decline of 8.3%. From January to June, the cumulative import of coal and lignite was 22170200 tons, a year - on - year decline of 11.1% [2]

Core Insights - The General Administration of Customs reported that China's coal and lignite imports reached 221.702 million tons from January to June [1] Group 1 - The total import volume of coal and lignite indicates a significant demand for these energy resources in China [1]

海关总署：中国1-5月煤及褐煤进口量18867.1万吨。 ...

海关总署：中国5月煤及褐煤进口3604万吨，4月为3782.5万吨。 ...

Core Viewpoint - In April, China's coal and lignite imports amounted to 37.825 million tons, a decrease from 38.732 million tons in March [1] Group 1 - China's coal and lignite imports in April were 37.825 million tons [1] - The imports in March were recorded at 38.732 million tons, indicating a decline [1]

Core Insights - The General Administration of Customs reported that China's coal and lignite imports from January to April amounted to 152.67 million tons [1] Group 1 - The total coal and lignite import volume reflects significant demand in the Chinese market [1]