China’s imports of thermal coal are expected to have ticked higher in August as seaborne prices for the power-generation fuel remain competitive amid constrained domestic supplies.
A total of 28.95 million metric tons of thermal coal are expected to arrive at Chinese port this month, up from July’s 28.8 million and the most since May, according to data compiled by commodity analysts Kpler.
China, the world’s largest coal importer, producer and consumer, has boosted imports this year as demand for thermal power generation increased as hydropower struggled.
Pylyp is an experienced private banker and asset manager.