China will cut coal imports this year as the cost of domestic supplies declines,
China will cut coal imports this year as the cost of domestic supplies declines, Sanford C. Bernstein & Co. said in a report.Net purchases from overseas will drop 47 percent to 150 million metric tons this year from 281 million in 2012, Bernstein said in the e-mailed note today.
Vietnam, China's largest coal supplier, will cut the coal exports to China by 19% this year, in a bid to meet the domestic power producer's demand, according to sources.