Author: Shivani Patil
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Falling freights, strengthening renminbi reshape Asia-Pacific coal trade dynamics
Russian advantage narrows as Australian, Indonesian coal regain competitiveness South African, Colombian coal remain uncompetitive, limiting demand from China The Asia-Pacific coal market has entered a phase where competitiveness is no longer dictated solely by coal prices at origin, but increasingly by currency movements and freight economics. Over the past fortnight, a strengthening renminbi (RMB)…