After two years of government policies characterised by ambitious targets, China's coal market has reversed into a tight supply situation.
As a result, coal prices have soared - and also sent prices for LNG, steel, cement and some other industrial products to record highs. Efforts to combat smog have reduced annual coal demand by 100 Mt. Restrictions at ports have led to volatility in the country's monthly thermal coal imports.
China is now trying to reduce the impact of its policies on its economy and industry by revising its aggressive capacity-cutting targets. Longer term, the country remains intent on establishing an energy landscape where clean energy takes the lead.
Key Topics Covered:
1. Executive summary
2. Near term
3. Thermal coal
4. Metallurgical coal
5. Long term
6. Thermal coal
7. Metallurgical coal
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