It’s not shaping up as a merry Christmas for coal exporters to Asia as the region’s top buyers, China and India, pull back from the recent trend of strong imports. The Chinese authorities appear to be making good on a commitment to try and limit the country’s imports of the polluting fuel to levels the same as 2017.
The restrictions have led to a sharp drop in the daily import of coal so far in December, according to vessel-tracking and port data compiled by Refinitiv.
Seaborne imports in the first five days of the month stood at 1.5 million tonnes, or a daily rate of just 300,000 tonnes. Read More
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