Lackluster thermal coal demand for China as currency weakness; trade issues reign

摘要

Chinese currency weakness and US-China trade tensions were forefront on the minds of Asia-Pacific thermal coal market participants and were taking their toll on China’s demand for import cargoes, market sources said Monday. “China is not buying at the moment due to the Yuan depreciation,” one market participant referring to Australian 5,500 kcal/kg NAR cargoes said.