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China imports 2.47M tonnes of North Korean coal in August

Despiteits commitment to bandeliveries of coal from North Korea, China imported roughly 2.47 million tonnesof the fossil fuel in August, the highest on record, Reuters reported Sept. 26.

In itscommitment to bar coal shipments from Pyongyang, China made exceptions to allowcoal to be shipped for "the people's well-being." August imports were61% higher compared to nearly 1.53 million tonnes of coal in April, whenrestrictions were supposed to commence, said the report.

NorthKorean coal deliveries for the first eight months posted an 11.7% increase yearover year and were almost exclusively anthracite. It supplied China with 14.91million tonnes year-to-date, accounting for 86.3% of the country's totalimports of anthracite, according to the report.

NorthKorea's August coal cargoes, arriving at $45.55 per tonne, made it veryattractive in the Chinese market, compared to Russian anthracite arriving at$70.25 per tonne and Australian coking coal cargoes at $93.92 a tonne, Reuterswrote.