China's Top Coal Group Says Regulator to Slash Imports
- Recent customs clearance halt due to imports exceeding quotas
- ‘Demand isn’t booming as it’s supposed to,’ association says
A crane transfers coal at a port in Lianyungang in Jiangsu province, China.
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China will tighten its grip on coal imports in the second half and keep full-year shipments at similar levels as 2018, according to an executive from the national industry group.
The latest customs clearance halt at some mainland ports is because imports have exceeded quotas in the first six months, said Su Chuanrong, executive director-general of China National Coal Association. Overseas purchases are also set to weaken because domestic demand has faltered, Su said Thursday.