China coal imports unlikely to increase, state reserves release aimed at steadying prices amid strong activity

Source: China – South China Morning PostThe biggest release of coal from China’s state reserves this year is aimed at steadying surging prices on the back of strong industrial activity, although the move is unlikely to lead to a significant increase in imports, analysts said.China will release more than 10 million tonnes of coal from its state reserves, the National Development and Reform Commission (NDRC) said on Thursday, with the potential for further releases in line with market demand.Coal has been released from state reserves…Read More

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