GACC: China's coal exports drop 18% MoM in August

China's exports of coal and lignite stood at 639,205 tonnes in August, down 18% from the 774,844 tonnes recorded in July, according to the latest data from China's General Administration of Customs (GACC). On a yearly basis however, the August volume was higher by 21%, Mysteel Global calculated.

The on-month drop mainly reflected the high comparison basis in July, when China's coal exports reached the highest level in a year, as Mysteel Global reported. Last month, China's exports of coking coal dropped 44% on month and 38% on year to 48,588 tonnes, while those of anthracite also declined