SINGAPORE : China's coal imports slipped in December from a month earlier as industrial activity slowed following a surge in COVID-19 cases after Beijing's sudden removal of stringent pandemic controls.The world's top coal consumer brought in 30.91 million tonnes of the fossil fuel last month, versus 32.3
SINGAPORE : China's coal imports slipped in December from a month earlier as industrial activity slowed following a surge in COVID-19 cases after Beijing's sudden removal of stringent pandemic controls.
China's customs agency published the import data on its website shortly after 0200 GMT, but later the information was no longer available on the site. For 2022, coal shipments to China reached 293.2 million tonnes, down 9.2 per cent from a year earlier, as the country boosted domestic coal production and urged utilities to sign term-deals with domestic miners to bolster its energy security.
The policy led to China's domestic coal prices being much lower than supplies from abroad for many months as global coal prices soared over supply concerns after the Russia-Ukraine war.
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