China coal demand faces structural headwinds from weaker steel and construction sectors

China coal demand faces structural headwinds as weaker steel and construction activity weigh on industrial consumption. While power-sector coal use remains relatively resilient, softer heavy-industry conditions point to a structurally weaker demand outlook. At the same time, Indonesia is likely to remain the main beneficiary if Chinese coal imports rebound, given its continued dominance of China’s thermal coal supply. The […]