China Coal Imports Hold Near Four-Year High as Demand Resilient


China Coal Imports Hold Near Four-Year High as Demand Resilient

Coal imports by China held near the highest level in four years, underscoring buoyant demand in the world’s largest user even as lower domestic prices and a weaker currency hurt the appeal of overseas supplies.Foreign purchases fell just 1.1 percent in August to the equivalent of 925,161 metric tons a day, compared with 935,806 the previous month, the highest since January 2014, according to Bloomberg calculations based on customs data released Saturday. Shipments gained 14.7 percent to 204 million tons in the first eight months of the year While slumping domestic coal prices and the currency’s longest run of monthly declines since 1994 would have made overseas cargoes more expensive, the strong imports suggest that concern over faltering demand in the summer months might have been overblown. Daily thermal coal use by China’s major power generators averaged 769,000 tons in July to August, typically a peak demand season, slightly above the levels last year. S.Korea’s KOMIPO seeks LNG cargo for Nov delivery – tender document South Korea’s Korea Midland Power Co Ltd (KOMIPO) is seeking to buy a liquefied natural gas (LNG) cargo for delivery between Nov 16 and Nov 21, according to a tender document seen by Reuters on Friday. The cargo will be bought on a delivered ex-ship (DES) basis and the tender will close on Sept 10.

https://www.hellenicshippingnews.com/s-koreas-komipo-seeks-lng-cargo-for-nov-delivery-tender-document/

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