China Boosts Coal Imports as Miners Cut Domestic Production
- June imports at 21.75 million tons, highest since Dec. 2014
- Inbound shipments seen rising on supply shortfall: ICIS China
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China boosted coal imports to the highest in more than a year as domestic production slips amid the government’s drive to cut overcapacity.
The world’s largest coal user increased overseas purchases to 21.75 million metric tons last month, the most since Dec. 2014, data from the Beijing-based General Administration of Customs showed on Wednesday. Inbound shipments over the first six months of the year increased by 8.2 percent to 108 million tons, compared with a 38 percent slump in the first half of 2015.