Author: Shivani Patil
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Asian thermal coal steadies as Chinese buying offsets weak Indian demand; Indonesian uncertainty keeps traders cautious
Chinese demand remains supportive, but buying turns more selective Indian buyers rely on domestic supply, comfortable port inventories Asian thermal coal markets remained broadly supported through the second half of May, with Chinese restocking demand and tighter Indonesian spot availability underpinning sentiment. Yet weak Indian import appetite, selective buying behaviour, and uncertainty around Indonesia’s proposed…