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

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

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.

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.

"To reach carbon neutrality by 2050, I am calling for all countries to stop building new coal power plants and for partners to stop financing them," said the secretary-general.

Australia's iron ore exports rose in September from a year earlier and were 3.9pc up for January-September.

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