Texture from Reuters:
Prices of seaborne thermal and coking coal in China have declined by around 30% year-on-year, mainly driven by reduced demand, said Helen Lau, metals and mining analyst at Argonaut Securities.
China’s coking coal purchases, meanwhile, have been “quite strong”, surging 20% to 53 million tonnes in the first eight months of this year, after a brief period of import control in November and December last year, she said.
