Weak Chinese GDP growth may keep lid on Asian thermal coal demand, prices in 2024
Faltering macroeconomic conditions in China, record high output expectations in major producing countries and continued efforts of coal consuming nations to curb fossil fuel-based energy sources will likely keep a lid on Asian thermal coal prices and demand in 2024. While 2023 witnessed significant corrections post the record-high price season the previous year due to the Russia-Ukraine war, market participants…Faltering macroeconomic conditions in China, record high output expectations in major producing countries and continued efforts of coal consuming nations to curb fossil fuel-based energy sources will likely keep a lid on Asian thermal coal prices and demand in 2024. While 2023 witnessed significant corrections post the record-high price season the previous year due to the Russia-Ukraine war, market participants… Read More
