Slow­ing de­mand may hurt coal in­dus­try

China Daily (Canada) - - BUSINESS -

Coal im­ports slumped 30 per­cent to 204.1 mil­lion met­ric tons in 2015, cus­toms data showed onWed­nes­day, hit by a slow­down in do­mes­tic de­mand and a col­lapse in the price of lo­cally pro­duced coal. Im­ports could fall fur­ther this year, an­a­lysts said, with over­all de­mand still de­clin­ing. Coal also faces the twin head­winds of State ef­forts to cut pol­lu­tion and a weaker Chi­nese cur­rency that will fur­ther erode the cost ad­van­tages once en­joyed by for­eign min­ers.

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