Misery Looms Over Top Coal Shippers as China to Buy Less in 2020
- Top buyer seen cutting purchases amid rising domestic output
- Morgan Stanley says import controls will be a lasting feature
Photographer: Kevin Frayer/Getty Images
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China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.
The world’s biggest coal buyer will likely purchase less from overseas in 2020 after a boost this year, according to analysts. With domestic production rising to a record and overall demand nearing a plateau, miners from top exporters such as Indonesia and Australia will find themselves squeezed.