Thermal Coal Imports Fall For Sixth Straight Month In Feb

India's imports of thermal coal - mainly used in power generation - fell for a sixth straight month in February, ship tracking data showed, as coal-fired power generation grew at a muted pace on the back of a slowdown in manufacturing activity.

- Reuters

SINGAPORE:

This is the longest such streak since February 2022, when imports declined for eight consecutive months.

Manufacturing activity in the world's fastest-growing major economy slowed to its weakest pace in over a year, stifling appetite for seaborne coal in the country and adding to pressure on declining global thermal coal prices.