Another industry that has witnessed strong growth with export in the first 11 months is the furniture industry.

“Chinese steel producers are keen to buy more US coking coal to replace Australian cargoes blocked by import curbs, giving the first significant boost to this trade flow since China imposed retaliatory tariffs on US coal in 2018.

China's benchmark power coal price rose slightly during the past week.

Australia's Queensland government expects coal exports from the state to drop by 8pc.

China's raw coal output rose 0.1 percent year on year to 3.13 billion tonnes in the first 10 months of 2020, official data showed.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

China's benchmark power coal price rose slightly during the past week.

Toshiba Corp. on Wednesday announced that it will stop taking new orders to build coal-fired power plants as it shifts towards greener, renewable energy.