China’s July coal imports surge 24% to meet peak power load

China’s July coal imports surge 24% to meet peak power load

  • China’s coal imports in July rose by nearly a quarter from June to near the highest levels so far this year as power generators increased purchases to provide for peak summer electricity demand.
  • The government has vowed to avoid power rationing this year and has urged coal-burning power generators, which supply about 60% of the country’s electricity, to enlarge coal stocks.
  • Data tracked by Refinitiv showed China’s seaborne coal imports from Russia would hit a record high of 7.38 million tonnes in July.

https://www.cnbc.com/2022/08/07/chinas-july-coal-imports-surge-24percent-to-meet-peak-power-load.html


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