{"id":1647912,"date":"2022-09-20T00:50:48","date_gmt":"2022-09-20T04:50:48","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1647912"},"modified":"2022-09-20T00:51:21","modified_gmt":"2022-09-20T04:51:21","slug":"chinas-aug-coal-imports-from-russia-indonesia-soar-as-heatwave-spurs-power-use","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-aug-coal-imports-from-russia-indonesia-soar-as-heatwave-spurs-power-use\/","title":{"rendered":"China\u2019s Aug coal imports from Russia, Indonesia soar as heatwave spurs power use"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinas-aug-coal-imports-from-russia-indonesia-soar-as-heatwave-spurs-power-use%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1647912&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>SINGAPORE (Reuters) -China\u2019s coal imports from Russia rose in August, exceeding last month\u2019s level and hitting the highest in at least five years, as power utilities in the world\u2019s biggest coal consumer sought overseas supplies to meet soaring demand in extreme hot weather.<\/p>\n<p>Arrivals of Russian coal last month reached 8.54 million tonnes, up from the previous peak of 7.42 million tonnes in July and 57% higher than in the same period last year, data from the General Administration of Customs showed on Tuesday.<\/p>\n<p>The monthly figure was the highest since comparable statistics began in 2017.<\/p>\n<p>Imports from Russia have surged in recent months as Europe suspended purchasing from the country after it sent tens of thousands of troops into Ukraine, forcing Russian coal to be traded at a steep discount.    <\/p>\n<p>Prices for Russian coal have climbed as both China and India stepped up buying, traders said, but were still cheaper than the domestic coal of same quality.<\/p>\n<p>Russian thermal coal at 5,500 kcal on delivery basis to China was assessed at about $155 a tonne in late August, up from about $150 a tonne a month earlier.    <\/p>\n<p>As severe drought and heatwave hit western and southern China from late July, coal-fired power plants geared up production to meet the spiking demand for air conditioning and the supply gap from hydropower stations. <\/p>\n<p>They also increased purchases of higher quality thermal coal, such as Russian coal, to improve electricity generation efficiency. <\/p>\n<p>China brought in 15.82 million tonnes of the dirty fuel from its top supplier Indonesia in August, 35% higher from July, data showed.<\/p>\n<p>But that was still lower than the 17.3 million tonnes imported in August last year.<\/p>\n<p>The increase of Indonesian coal purchases came as lucrative prices encouraged utilities to place more orders. In August, Indonesian 3,800 kcal thermal coal was about 170 yuan ($24.26) a tonne cheaper than the same quality Chinese coal, and 4,700 kcal coal was 140 yuan lower.<\/p>\n<p>Power utilities are expected to increase imports in October to replenish stocks ahead of the kick-off of the heating season in most of northern China in mid-November.<\/p>\n<p>However, as renminbi depreciation continues, imported coal will become more expensive for Chinese buyers and potentially dent demand.<\/p>\n<p>($1 = 7.0066 Chinese yuan renminbi)    <\/p>\n<p> (Reporting by Muyu Xu; Editing by Christopher Cushing and Muralikumar Anantharaman)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/chinas-aug-coal-imports\/workers-operate-loaders-unloading-imported-coal-at-a-port-in\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8J04U-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8J04U-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) -China\u2019s coal imports from Russia rose in August, exceeding last month\u2019s level and hitting the highest in at least five years, as power utilities in the world\u2019s biggest<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1647912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1647912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1647912"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1647912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1647912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1647912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1647912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}