China could further tighten the coal import policy during the second half of the year 2020.
- The move is anticipated to boost the struggling domestic coal industry in China, which remains under pressure due to competitive coal prices from foreign suppliers.
- As per Reuters, the overall import may reach 80 million tonnes from June to December 2020, down by 33.75 per cent against the previous corresponding period, when overall imports stood at 107 million tonnes.
- Likewise, the local thermal coal consumption in China also expected to decline to 1.9 billion tonnes for the same period.
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