Author: Damini Sahu
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India: Portside US thermal coal traders face financial crisis amid demand collapse
Pre-GST stockpiling causes demand vacuum Onset of winter halts operations at brick kilns Traders of US thermal coal at India’s Kandla and Tuna ports are staring at severe financial losses, caught in a perfect storm of slowing demand and elevated inventories. This is in stark contrast to the recent bullishness in global prices of US…