Share this article
Share this article
ResearchAndMarkets.com s offering.
China is the largest coal producer and consumer. The huge coal consumption in China encourages foreign coal producers to expand their production capacity. In addition, overseas coal mines are mostly opencast ones, which makes it easy to increase production. However, coal production in China is restricted by environmental protection policies and other factors.
In recent years, some small and medium-sized coal mines had to cut or even stop production because their environmental protection facilities failed to meet standards. Meanwhile, the rising mining costs have made the coal prices in China higher than the international coal prices. For example, in 2019, the average price of imported coal was only US$78 per ton, about 10% lower than that of domestic coal.
China-Australia relations: allowing coal ships to dock on humanitarian grounds not seen as softening of import ban
China unofficially stopped importing Australian coal – both thermal coal used for electricity generation and coking coal – in October amid escalating tensions
Eight vessels have been given permission to dock at three northern ports in China on humanitarian grounds with some ships having been at sea since June