Coal news and updates

China’s Swoop on Cheap Global Coal Set to Drive Record Imports

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• Suppliers slash their prices as fuel demand fades elsewhere
• Extra tons to land in oversupplied market and lift emissions

Falling coal prices could drive Chinese imports to all-time highs, as fuel unwanted elsewhere in the world is diverted to the biggest consumer. 

China’s purchases may hit 360 million to 380 million tons in 2023, according to its top industry association. That compares with 293 million tons last year, and a record of 327 million tons set in 2013