China’s coal and lignite imports rose marginally by 1.2% y-o-y to 116.3 mnt in Q1CY’26 from 114.85 mnt last year, according to data from the General Administration of Customs. However, imports jumped 26% m-o-m in March to 39.06 mnt, driven by improved import arbitrage, which supported buying interest. Participants engaged in opportunistic restocking after a period of cautious procurement, lending mild support to overall market sentiment.
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