Imports regain appeal as thermal coal price soars
By Dinakar Sethuraman | China Daily | Updated: 2011-05-06 07:46
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The port in Qinhuangdao, Hebei province, which ships more than half of country's coal. Inventories at the port fell to 4.89 million tons, the lowest level in almost a year. Liu Zuezhong / For China Daily |
SINGAPORE - China's highest power-station coal prices in more than two years may prompt a rebound in imports as Australian and Indonesian supplies become more attractive and inventories drop to "crisis" levels.
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