China’s seaborne market for thermal coal slowly recovers from port restrictions

摘要

—Confidence is returning to China’s seaborne market with buying interest emerging for Australian thermal coal cargoes for post- Lunar New Year delivery on an ongoing relaxation of import controls at the Asian country’s ports, market sources said Friday. Some restocking activity for China is expected to take place after next month’s Lunar New Year holiday, as coastal power plants recharge their stockpiles eroded by winter coal consumption, sources said.