A combination of bad weather, low stockpiles, and rising oil prices, coupled with Asia’s seemingly unquenchable demand for energy, was the catalyst for the recent cut in Chinese exports
The world’s seaborne coal market was set alight in February as the Chinese government reacted to a tightening local market and stopped exports.
China cut its coal export quotas for the year, beginning from March, by 24%, to 53 mt, as the government sought to channel production to its own economy....
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