Sep 08 2018, 10:21 AMSep 11 2018, 7:01 AMSeptember 08 2018, 10:21 AMSeptember 11 2018, 7:01 AM
Coal imports to China reached 769,000 tons (mt) a day in August, down 1.1% from July which had the highest imports since January 2014 at 935,806 mt, according to Bloomberg calculations of customs data. During the first eight months of 2018, imports have risen 14.7% to 204 million tons, in spite of lower domestic prices and a declining currency. The strong import figures suggest concern over a drop in Chinese coal demand during the summer were overblown, as major power generators used on average of 925,161 metric tonnes per day in July to August, slightly over last year's levels.