China’s Zhejiang Province imports Kazakhstan’s first thermal coal (state media)
SINGAPORE, Oct. 4 (Reuters) – China’s Zhejiang Province brought its first shipment of thermal coal from Kazakhstan, state media reported on Monday, as the east China’s manufacturing center searches for new sources of supply amid nationwide coal shortage and record price.
The shipment of 136,000 tons of premium 6,000-calorie coal was unloaded at Liuheng Terminal after a 30-day trip, Zhejiang Daily reported.
Coal from this landlocked Central Asian country is more expensive than that from rival suppliers because it has to be transported by rail, and China imported virtually no Kazakh thermal coal in the first eight months of the year. year, according to customs data.
However, record Chinese coal prices have made these imports more economically viable, while Zhejiang is experiencing spikes in electrical load and a shrinking coal inventory, the newspaper said.
The cargo was imported by the Zhejiang Energy Group, supported by the provincial government.
In June and July, the company also imported thermal coal from the United States for the first time, with volumes totaling 130,000 tonnes, the newspaper added.
China is in the throes of an energy crisis as coal supply shortages combined with strong demand for electricity from manufacturers, industry and households push coal prices to record highs and trigger widespread restrictions of use. Read more
Reporting by Chen Aizhu in Singapore and Hongwei Li in Shanghai; edited by Richard Pullin
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