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Wednesday, 15 July 20
CHINA'S JUNE COAL IMPORTS FALL 6.7% Y/Y ON PORT CURBS - REUTERS
China’s coal imports dropped 6.7% in June from the same period last year, as stringent import restrictions at ports impeded purchases by traders and power plants, despite solid fuel demand.
 
China, the world’s top coal importer, brought in 25.29 million tonnes of the fuel last month, data from the General Administration of Customs showed on Tuesday.
 
That compares with 27.1 million tonnes in June last year but is still higher than 22.06 million in May, driven by stockpiling demand ahead of the peak summer season.
 
Customs had been stepping up curbs on coal imports since May, through lengthy processing and import quotas as China looks to bolster its coal industry.
 
For the first half of 2020, China brought in a total of 173.99 million tonnes of coal, up 12.7% over the corresponding period last year.
 
Powerful state planner, the National Development and Reform Commission (NDRC) met energy firms and local authorities last week, urging miners to boost domestic coal output to ensure market supplies, while not ruling out the possibility of easing the import curbs.
 
“Notably, recent floods alongside the Yangtze River delta region would affect hydropower generation, which could buoy coal-fired power demand and support thermal coal consumption,” the China Port and Harbour Association said in a note on Monday.
 
The floods have swelled waters in as many as 33 rivers in China to their highest levels in history.
Source: Reuters (Reporting by Muyu Xu and Tom Daly; Editing by Clarence Fernandez)


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Recent News

Friday, 24 July 20
IPA: THERMAL COAL IMPORTS AT MAJOR PORTS DECLINE 35 PC TO 17.71 MT IN APR TO JUNE - ECONOMIC TIMES
These ports had handled 27.13 MT of thermal coal and 14.95 MT of coking coal in the April-June period of the previous financial year   ...


Thursday, 23 July 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 1.36 MILLION TONS OF BITUMINOUS COAL FOR OCTOBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 1,360,00 ...


Wednesday, 22 July 20
CIL'S COAL SUPPLY TO POWER SECTOR DROPS OVER 21% TO 93.5 MT IN APR-JUN QUARTER - PTI
The supply of coal by state-owned Coal India Ltd to the power sector fell 21.7 percent to 93.5 million tonnes (MT) in the first quarter of the ongo ...


Monday, 20 July 20
KOREA MIDLAND POWER INVITED BIDS FOR TOTAL 2.520 MILLION MT OF BITUMINOUS COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO), has issued an international tender for total 840,000 of  Bituminous Coal to be used at Bo ...


Monday, 20 July 20
CHINA'S JUNE COAL OUTPUT FALLS 1.2% YEAR-ON-YEAR OVER ILLEGAL MINING CHECKS - REUTERS
China’s coal output dropped 1.2% in June on the year to 330 million tonnes, official data showed, as major coal mining areas cracked down on ...


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