Coal news and updates

One of the quirks of Asia's seaborne coal market is that volumes have held up remarkably well, despite the fuel being demonized for its role in climate change and the rising number of countries and companies spurning it.

 

At least, that was the case for the past several years, but there are now signs that volumes are trending lower in the top consuming region.

 

The amount of coal discharged at Asian ports has now dropped for 12 consecutive months, when comparing each month to the same month a year earlier, according to Refinitiv vessel-tracking and port data.

 

The volume of all types of coal discharged in March was 73.98 million tonnes, down 10% from the 82.26 million in March 2020, the data showed.

 

Source : https://www.nasdaq.com/articles