China's coal imports remained at elevated levels in July after overseas purchases nearly doubled in the first half of 2023, as utilities continued to bring in cheaper supplies to meet peak summer power demand, data showed on Tuesday.The world's top coal consumer imported 39.26 million metric tons of coal
China's coal imports remained at elevated levels in July after overseas purchases nearly doubled in the first half of 2023, as utilities continued to bring in cheaper supplies to meet peak summer power demand, data showed on Tuesday.
The July purchases soared 67 per cent from 23.52 million metric tons a year earlier. China's monthly coal import record was 43.56 million metric tons in January 2020. The delivered cost of 3,800-kilocalorie coal from Indonesia and South Africa, as well as higher quality 5,500-kilocalorie fuel from Australia, was lower than the price of domestic supplies in China.
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