China coal imports likely to decline as prices soar
China Daily
The high international price of coal will hit Chinese demand for imports, as consumers turn to cheaper, domestically produced coal.
Imports fell by 26 percent in the first quarter of 2011 on a year-on-year basis, the National Energy Administration (NEA) said on Friday.
China imported 32.4 million tonnes of coal in the first quarter of the year, 26.4 percent less than in the same period in 2010.
The international coal price had increased to $120 a tonne by March 31 from $90 a tonne in the same period last year, boosted by strong demand from reconstruction projects in Japan after the March 11 earthquake, and the diminished supply from Australia in the wake of widespread flooding late last year.
Read here
China Daily
The high international price of coal will hit Chinese demand for imports, as consumers turn to cheaper, domestically produced coal.
Imports fell by 26 percent in the first quarter of 2011 on a year-on-year basis, the National Energy Administration (NEA) said on Friday.
China imported 32.4 million tonnes of coal in the first quarter of the year, 26.4 percent less than in the same period in 2010.
The international coal price had increased to $120 a tonne by March 31 from $90 a tonne in the same period last year, boosted by strong demand from reconstruction projects in Japan after the March 11 earthquake, and the diminished supply from Australia in the wake of widespread flooding late last year.
Read here
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