With hot-summer weather settling in China, the consumption at the main coastal coal-fired power plants experienced peaks up to 0.95Mt/day leading to stock draws and days covers nearing to its alert threshold at 15 days of cover. The pull for coal imports came despite Chinese media CCTV reporting China Railway’s coal loadings up +5.6% YoY to all-time highs in June and railings along the strategic Datong-Qinhuangdao railways exceeding 1Mt/day in July.
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