Taiwan imported 6.05 million metric tons of coal in July, up 13% from a year earlier and up 16% from July, mainly due to a lower base of comparison for coking coal, the Bureau of Energy said in a monthly report Wednesday.
Imports of thermal coal, used in power generation, were also up - 11% - from a year earlier to 5.02 million tons in August, likely due to inventory replenishment by the Formosa Plastics Group. Imports of coking coal, used in steelmaking, rose 41.5% to 334,450 tons, the bureau said.
In August, thermal coal importers paid an average of $83.78 per ton, cost and freight, up 0.7% from July but down 39% on year.
The price of coking coal, cost and freight, fell 58% from a year earlier to US$121.86/ton, and was down 8.6% from July.
Source and further data: Trading Markets
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