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Home / South China Morning Post / China coal traders shrug off impact of Indonesia coal export ban due to stockpiles, weak demand

China coal traders shrug off impact of Indonesia coal export ban due to stockpiles, weak demand

Summary:
[unable to retrieve full-text content]Coal traders in China, the world’s top consumer and importer of the fuel, are shrugging off a ban on coal exports imposed by Indonesia, saying utilities already hold hefty stockpiles with power demand set to weaken for the Lunar New Year holiday.Coal stocks at key Chinese utilities in coastal regions were about 33 million tonnes as of Saturday last week, 57 per cent more than at the same time in 2021, data from the China Coal Transportation and Distribution Association showed.Meanwhile, daily…

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[unable to retrieve full-text content]
Coal traders in China, the world’s top consumer and importer of the fuel, are shrugging off a ban on coal exports imposed by Indonesia, saying utilities already hold hefty stockpiles with power demand set to weaken for the Lunar New Year holiday.Coal stocks at key Chinese utilities in coastal regions were about 33 million tonnes as of Saturday last week, 57 per cent more than at the same time in 2021, data from the China Coal Transportation and Distribution Association showed.Meanwhile, daily…
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