Coal Imports into Asia Continue Their Rebound
Thermal coal imports into Asia have surged for the third consecutive month, backed by summer demand from Japan, South Korea, and other major players. Despite the region’s notable commitment to renewables, Asia currently consumes nearly 90% of global seaborne thermal coal. China undoubtedly leads the pack thanks to its energy-intensive manufacturing hubs, with experts predicting the country’s thermal coal imports will reach 28.14 million tons this month, up from 24.1 million last July. Commodity analyst Kpler predicts Asia’s seaborne thermal coal imports will hit 73.16 million metric tons in July, jumping nearly 3 million tons from last month. Coal mostly serves as a source of electricity for many Asian nations…
