trending Market Intelligence /marketintelligence/en/news-insights/trending/q1hnpwmfyjkvodo8hhvokw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Report: China's July coal imports up nearly 50% YOY amid heatwave


COVID-19 Impact & Recovery: Energy Outlook for H2 2021


US utility commissioners: Who they are and how they impact regulation


Climate Credit Analytics: Linking climate scenarios to financial impacts


Essential Energy Insights, April 2021

Report: China's July coal imports up nearly 50% YOY amid heatwave

China imported 29.01 million tonnes of coal in July, up almost 50% from the year-ago levels and up 23.9% from June, Reuters reported Aug. 8, citing data released by the country's General Administration of Customs.

The upsurge in imports is attributable to high temperatures in the country that increased demand for air conditioning, the report said.

Coal imports were also boosted by curbs in domestic production as the country doubles down on carbon emissions in its fight against pollution, the report said, adding that the data also signify that customs has eased checks on foreign shipments.

"The authorities have vowed to ensure coal supplies and keep prices running smoothly during the peak season, therefore checks on imports could not be tightened in the short term," said Cheng Gong, coal analyst at Zheshang Securities, who noted that imports were higher than he expected.