Thursday, September 29

China’s August coal imports rise as heatwave stokes cooling demand


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SINGAPORE — China’s coal imports rose in August to their highest this year, as power generators sought additional supply from abroad to meet surging electricity demand amid the baking temperatures of a heatwave.

The world’s biggest coal consumer brought in 29.46 million tonnes of the fossil fuel last month, up from 23.52 million in July, data from the General Administration of Customs showed on Wednesday.

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In the first eight months of this year, China imported 167.98 million tonnes of coal, down 14.9% on a year before, customs data showed. (Reporting by Muyu Xu; Editing by Clarence Fernandez)



financialpost.com

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