Vietnam to cut coal exports to China by 19%
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.
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.