If anyone expected China’s post-pandemic recovery to be a smooth upward curve, they must be very disappointed right now. The country’s return to business as usual has proven to be more uneven than many bet on, with even coal demand affected by that unevenness. Bloomberg reported this week that a weak real estate market and still sub-par industrial activity are affecting coal demand. Heavy coal users such as steel mills and cement makers are asking for price discounts to cover their losses from lower demand for their products and that’s…
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