China and India Ramp Up Thermal Coal Imports as Winter Demand Looms
Market Intelligence Analysis
AI-PoweredChina and India have increased their thermal coal imports in November, with China importing 30.96 million tons and India importing 13.01 million tons, driven by winter demand. This marks a slight increase from the previous month for both countries, but a decline in annual imports for China. The surge in imports indicates a potential increase in energy demand during the winter season.
Market impact analysis based on bullish sentiment with 64% confidence.
Article Context
Imports of thermal coal into China and India went up last month, with the two seeing shipments of a total of 44 million tons. China imported 30.96 million tons of thermal coal last month, which compared with 29.18 million tons for the previous month, Reuters’ Clyde Russell reported today, citing data from DBX Commodities. On an annual basis, however, China’s coal imports declined by 38.19 million tons for November 2024. Thermal coal imports into India stood at 13.01 million tons in November, which was up from 12.38 million tons in October.…
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