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Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T


* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month


Alibaba reorted that, South Korea's imports of heating coal in July rose 3.7 percent from a year earlier, customs data showed on Monday.

South Korea imported 8.97 million tonnes of coal in July, up from 8.65 million tonnes a year earlier, the Korea Customs Service said.

However, the country imported a total of 50.34 million tonnes in the first seven months of this year, down 5 percent from the same period last year, the data showed.

While the country's coal imports for July rose from a year earlier, imports of liquefied natural gas (LNG) in July fell for the seventh consecutive month from a year ago due to high stocks and low demand from local utilities, customs data also showed on Monday.

LNG accounts for about 15 percent of power generation in South Korea.

South Korea paid an average of $89.38 per tonne for coal in July, up from $82.64 a month earlier but much lower than $121.54 a year earlier.

Australia shipped the largest volume of coal at 3.83 million tonnes versus 3.44 million tonnes a year ago. Indonesia ranked second, shipping 2.91 million tonnes against 2.61 million tonnes a year ago.

In monetary terms, Australia was also the top exporter of coal, shipping $369.82 million in July, and Indonesia was at $195.81 million.
Source: Alibaba



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