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Column-Robust China coal demand amid Australia import ban fuels price rally: Russell
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Top forecaster stays bullish on India, Southeast Asia currencies
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Russell: Robust China coal demand amid Australia import ban fuels price rally
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4 Min Read
LAUNCESTON, Australia (Reuters) - Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and liquefied natural gas (LNG), but enjoying strong gains amid rising demand.
FILE PHOTO: A worker walks past coal piles at a coal coking plant in Yuncheng, Shanxi province, China January 31, 2018. REUTERS/William Hong/File Photo
Both thermal coal, used in power plants, and coking coal, used to make steel, have rallied strongly in recent months. And in both cases the driver has largely been China, the world’s biggest producer, importer and consumer of the fuel.
Saudi Aramco s Aug crude OSP hike beats market expectations, supply worries linger
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