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China’s Coal Imports Plunge 23% as Domestic Output Surges
China imported 35.61 million tons of coal last month, which was a 23% decline on the year, Reuters has reported, citing official data from the country’s customs agency. The number, however, was an increase from June, when coal imports sank to the lowest in two years. The coal import decline was attributable to strong domestic production that reduced the need for purchases from abroad. Also, power generation from other baseload installations, notably hydro, and also wind and solar, capped demand for coal generation. Exports accelerated as…