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2020-12-15 13:55:00

CHINESE BAN OF COAL

CHINESE BAN OF COAL

ENERDATA15 Dec 2020 - China has formally blocked Australian coal imports, after months of restrictions. The decision was taken by the Chinese National Development and Reform Commission (NDRC), which has authorised power plants to import without clearance restrictions, except for Australia, in an attempt to "stabilise coal purchase prices". China plans to increase domestic coal production and to raise imports from Mongolia, Indonesia and Russia.

In 2019, China accounted for 24% of Australia’s thermal coal exports. Australia's coal and lignite production has remained stable since 2016 after a significant increase between 2011 and 2015 (+5.4%/year on average). It amounted to 500 Mt in 2019 (of which 74 Mt was lignite). Australia is the world’s third largest hard coal producer (fifth when accounting for lignite).

 

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Tags: CHINA, COAL, AUSTRALIA