China to release 10 million tonnes coal reserves amid short supply, coal output fell 5% on year in June

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China will release more than 10 million tonnes of coal from its state reserves to meet higher demand in the summer peak season, the National Development and Reform Commission (NDRC) said on Thursday

The top economic planner said it could release more coal from reserves based on market demand.

The biggest release of coal from China’s state reserves this year is aimed at steadying surging prices on the back of strong industrial activity, although the move is unlikely to lead to a significant increase in imports, analysts said.

Coal has been released . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!