China thermal coal imports remain constrained despite strong power demand

Monthly Seaborne Thermal Coal arrivals (Mt), Jan 2024–Jul 2026. Dark bars settled, striped bars still settling, red line shows same month last year.

China thermal coal demand continues to be supported by rising electricity consumption, but strong domestic production and rapid renewable growth are limiting the need for additional seaborne supply. Imports are expected to remain below last year’s pace through the second half of 2026, with domestic coal continuing to meet most demand and seaborne purchases providing flexibility for coastal utilities. Settled seaborne […]

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