China's coal imports plunged 19% in November from the previous month as tig...
FILE PHOTO: Trucks are parked next to a pile of coal on the bank of the Yalu River in Sinuiju, opposite the Chinese border city of Dandong, March 14, 2016. REUTERS/Jacky Chen
China, the world’s top coal importer, brought in 20.78 million tonnes of the fuel last month, data from the General Administration of Customs showed on Sunday. That compares with 25.69 million tonnes in October and 19.15 million tonnes in November last year. Traders and utilities also cut back sharply on purchases at the end of last year after signals from Beijing aimed at keeping total imports steady year-on-year.
Falling profit margins at coal mines in Indonesia, China’s second-biggest supplier behind Australia, had also discouraged miners there from selling to China last month, analysts and traders said.
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