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Beijing Increases Purchasing of Low-Priced Russian Coal

Though China’s coal demand is decreasing and domestic supply is increasing, since May Russia, has been  offering a big discount on coal. Therefore, Beijing has increased its purchase of Russian coal significantly.

China’s National Bureau of Statistics reported that, in the period of January to May, China’s domestic coal production has increased by 10 percent over the same period last year. It has risen to 1.81 billion tons. At the same time, Russia’s coal delivery to China in May increased by 20 percent, to 5.5 million tons; and from June 1 to June 28, the delivery increased by 55 percent, to 6.2 million tons.

Source: Epoch Times, June 30, 2022