China Cuts Coal Imports on Oversupply ...Middle East

OILPRICE - Economy
China Cuts Coal Imports on Oversupply
source : OILPRICE ( Middle East ) () 136
China has reduced its coal imports and increased exports on ample supply of the commodity, Bloomberg has reported, citing a 13% increase in outbound coal shipments from the country in the first five months of the year. China exported 2.5 million tons of coal between January and May, with the bulk going to Japan, Indonesia, and South Korea. Coal production, meanwhile, reached 5 billion tons in the period, while imports were 8% down on the year. Record-high domestic coal production and weaker coal-fired power generation in China have resulted in…

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