Why China Can’t Quit Coal ...Middle East

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Why China Can’t Quit Coal
source : OILPRICE ( Middle East ) () 16
An analysis published by Wood Mackenzie forecasts that thermal coal imports will increase in December in China. According to the market analyst, seaborne thermal coal imports will grow from 9.5 Mt to 20 Mt in December. This new figure is much higher than the 8.8 Mt in September or the 17.7 Mt average of the first nine months of the year. In WoodMac’s view, the increase will work to ease domestic prices and strengthen seaborne prices. The scenario that leads to such growth is based on a series of factors that have hindered the National Development…

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