Coal news and updates

China, India solve local coal supply, but seaborne prices stay high

China and India appear to have largely resolved their domestic coal supply issues, but their success in boosting output has yet to be fully reflected in the price of seaborne supplies in Asia.

The two Asian countries are the world's largest producers, consumers and importers of coal and their domestic dynamics tend to drive the seaborne market for the polluting fuel. Both had struggled in recent months with insufficient domestic output, China as a result of government policies that idled some mines for safety reasons, while India's production and transportation of coal was affected by the ongoing coronavirus pandemic.