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

The production value of manufacturing industries in the island saw a year-on-year decline over the past seven consecutive quarters, said the department in a statement earlier this week.

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.

"To address long-term market developments and the effects of coronavirus," Thyssenkrupp announced to cut 5,000 more jobs, bringing the total of its layoffs to 11,000.

The first export consignment is scheduled to leave the Chattogram port, some 242 km southeast of the capital Dhaka, on Nov. 21, the company said in a statement.

"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.

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.