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China and India, the world's two largest coal importers, have seen a decline in their thermal coal imports in June 2024. However, the developed economies of North Asia, such as Japan, South Korea, and Taiwan, have experienced an uptick in thermal coal imports during the same period.
[3] This divergence reflects the stronger demand from North Asian buyers for higher-quality coal, while China and India have reduced their imports of lower-grade varieties.[3] The shift in import patterns highlights the changing dynamics in the global thermal coal market, with North Asia's appetite for premium coal offsetting the easing of demand from China and India.
Citations:
[1] https://twitter.com/Reuters/status/1805504997246869842
[2] https://www.xm.com/my/research/markets/allNews/reuters/china-india-ease-imports-of-thermal-coal-but-north-asia-gains-russell-53867459
[3] https://www.reuters.com/markets/commodities/china-india-ease-imports-thermal-coal-north-asia-gains-russell-2024-06-25/
[4] https://energy.economictimes.indiatimes.com/news/coal/opinion-asias-thermal-coal-imports-slip-from-record-as-winter-demand-eases/107653513
[5] https://energy.economictimes.indiatimes.com/news/coal/opinion-asia-thermal-coal-imports-hit-record-but-supply-keeps-prices-muted/106627370
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