China imported 8.17 million tonnes of thermal coal (including bituminous and sub-bituminous coal but excluding lignite) in August, falling by 6.11 million tonnes or 42.79% on a yearly basis and down by 2.39 million tonnes or 22.63% from a month ago, showed the latest data from the General Administration of Customs (GAC).
The imports amounted to $425.94 million, down 54.66% year on year and 26.14% month on month. The average import price was estimated at $52.13/t, dropping by $2.47/t from July and by $13.65/t from the year-prior level.
The imports over January-August period totaled 94.27 million tonnes, an increase of 12.28 million tonnes or 14.98% year on year. The cumulative import value added up to $5,702.22 million, dipping by 0.18% from a year ago.
Lignite imports reached 4.78 million tonnes in August, a year-on-year decline of 48.3% and sliding by 2.71 million tonnes or 36.18% than July. The imports were worth $174.44 million, slumping by 56.4% on the year.
China imported a total of 69.23 million tonnes of lignite over January-August, a year-on-year drop of 12.8%. The total value amounted to $2,757.95 million, a year-on-year reduction of 20%.
(Writing by Shengnan Liu Editing by Harry Huo)
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