Author: Yuvraj Chouhan
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China: Thermal coal import economics improve but soft power demand caps purchases
Stronger domestic coal prices, RMB make imports more competitive Coal consumption falls 17% y-o-y, power plant inventories remain high China’s thermal coal story right now has two sides. On paper, imports look more attractive. But on the ground, power demand remains weak. That tension is shaping how the market behaves, leading to selective import purchases…