China Reportedly Looking to Limit Coal Imports in 2019
China is trying to stem coal imports by setting its 2019 import cap at 2018 levels, hoping to support domestic production, according to a report from Reuters. China, which the report said is the world’s largest coal consumer, made the…
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decision after Chinese mining companies and “provincial governments” voiced opposition to more coal imports. Two purchase managers at Chinese steel mills told Reuters they were instructed by Customs to “control the purchase pace of imported coal” as Chinese domestic coal output is expected to rise by 100 million tons in 2019. The decision was made by China’s State Council, the report said. China imported about 280 million tons of coal in 2018, but “barely allowed” coal imports in December in an effort to meet a 2018 import quota that restricted imports to 2017 levels, Reuters said. Despite this, China still exceeded that quota by more than 10 million tons, according to the report. China Customs is expected to separate the 2019 coal quota into monthly volumes, Reuters said.