Author: Shivani Patil
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China’s power and steel sectors diverge as thermal and metallurgical coals respond to different fundamentals
Electricity demand, industrial activity supports thermal coal Supply risks sustain met coal despite weaker steel margins China’s thermal and metallurgical coal markets are increasingly being driven by different underlying fundamentals, creating an unusual divergence across the commodity complex. Record electricity demand continues to support thermal coal consumption, while metallurgical coal prices are finding support from…