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China Thermal Coal Outlook: Domestic Supply Keeps Import Needs Contained

China is entering the second half of 2026 with a smaller need for imported thermal coal, but not with a collapse in coal-fired electricity generation. Settled vessel records show that seaborne thermal coal arrivals fell 13.5% from a year earlier in January-May, to 109 million tonnes. Preliminary June and July records narrow the seven-month decline ...

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