The Chinese government seems to have started laying stress upon reversing the sinking domestic demand for coal in that country.
The indication of the effort of the Chinese government seems to have revealed in its latest order for temporarily closing down the Luoyan port for foreign coal imports. The port is however small, and the temporary closure will mean almost nothing to the dynamics of the international coal market. The closure also has sparked a speculation that it was just the beginning of a wider crackdown on coal imports in that country.
The closure might result in Thermal Coal prices moderately going up in that country, although the demand is lackluster after the winter season getting over. During winter season, demand for power rises substantially due to the higher consumption of power by heating machinery.
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