China to Release 10 Million Tonnes of Coal from Reserves
Reuters reported that National Development and Reform Commission said hat China will release more than 10 million tonnes of coal from state reserves to ensure steady supply to the market. The fifth such release this year will come from dozens of reserve hubs and key ports nationwide and the government would arrange further releases in line with market demand.
The four previous releases this year totalled more than 5 million tonnes.
The state planner in April urged power plants, coal miners and major coal transport hubs to boost reserves of the fuel because of concerns over tight supplies and an expected demand surge. It had vowed to build coal stockpiles to more than 120 million tonnes in government-deployable reserves in 2021.