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China's Aug Total Coal Imports Surge 15% YoY - GAC

Coal News - Published on Wed, 11 Sep 2019

Image Source: mining.com
Platts, citing China's General Administration of Customs, reported that China imported 32.95 million mt of coal in August, both thermal and coking coal, up 14.9% YoY. August's total import volume was up a slight 0.18% from July, after volumes jumped 21% from June to July. China imported 220 million metric tonne of coal over January-August, up by about 8% YoY. GAC did not provide a breakdown of the August imports by grades. This will be included in the more detailed data due for release later in the month.

However, some Chinese power utilities had issued tenders for coal shipment, boosting import volumes for the past two months. Thermal coal market sources are expecting the curbs on coal imports to further tighten in the fourth quarter as the Chinese authorities are likely to keep import volumes in check.

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Posted By : Rabi Wangkhem on Wed, 11 Sep 2019
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