China ramps up Russian coal imports – data ...News

Beijing wants to take advantage of steep discounts, experts say Russian seaborne coal deliveries to China soared 55% to 6.2 million tons in the first 28 days of June compared to the same period last year, S&P’s Commodities at Sea database shows. In May, supplies were also up, rising 20% year-on-year to 5.5 million tons. “Despite lower demand and higher domestic coal production, China has been buying significantly [more] Russian coal since May 2022,” S&P Global Market Intelligence Associate Director Pranay Shukla told CNBC. “This is because Russia has been offering very steep discounts on prevailing international c

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