CLYDE RUSSELL: This is why China’s run of high thermal coal imports may ease
A recovery in domestic output is the main driver of a moderation in demand for the seaborne fossil fuel
26 July 2024 - 05:00
One of the standout commodity stories so far this year has been China’s demand for thermal coal, with the world’s largest importer seeing record shipments arriving in the first half.
China’s imports of thermal coal from the seaborne market, used mainly to generate electricity, were 168.73-million metric tonnes in the first six months of the year, up 8.5% from 155.51-million tonnes in the same period in 2023, according to data compiled by commodity analysts Kpler...
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