Wed, Aug17, 2011
By Bloomberg
China’s July coal imports climbed 36 percent to 17.53 million metric tons from a year earlier, sxcoal.com, a Shanxi-based industry portal, said on its website, citing Chinese customs data.
That exceeded the customs bureau’s record of 17.34 million tons in December and 13.73 million tons in June. The official customs data is due to be released Aug. 22.
The world’s largest coal consumer and producer increased imports of the fuel amid the worst summer power shortages in at least seven years. A shrinking gap between domestic prices and global costs are also spurring purchases. The premium of Chinese coal to Newcastle prices narrowed to $8.74 a ton on June 10, according to Mirae Assets Ltd.
Coking-coal imports gained 29 percent to 4.05 million tons last month and coal for power plants rose 15 percent to 4.99 million tons, according to sxcoal. Imports declined 5.3 percent to 87.87 million tons in the first seven months, it said.
By Bloomberg
China’s July coal imports climbed 36 percent to 17.53 million metric tons from a year earlier, sxcoal.com, a Shanxi-based industry portal, said on its website, citing Chinese customs data.
That exceeded the customs bureau’s record of 17.34 million tons in December and 13.73 million tons in June. The official customs data is due to be released Aug. 22.
The world’s largest coal consumer and producer increased imports of the fuel amid the worst summer power shortages in at least seven years. A shrinking gap between domestic prices and global costs are also spurring purchases. The premium of Chinese coal to Newcastle prices narrowed to $8.74 a ton on June 10, according to Mirae Assets Ltd.
Coking-coal imports gained 29 percent to 4.05 million tons last month and coal for power plants rose 15 percent to 4.99 million tons, according to sxcoal. Imports declined 5.3 percent to 87.87 million tons in the first seven months, it said.
Posts
No comments:
Post a Comment