Asia’s seaborne thermal coal imports at record high

Heavy shipment: Excavators transferring coal at a port in Lianyungang. China's imports of thermal coal remained at elevated levels in May, with Kpler estimating arrivals of 28.24 million tonnes, slightly below April's 28.42 million and March's 28.40 million. — AFP

ASIA’S imports of seaborne thermal coal surged to the highest on record in May as cheaper prices tempted buyers in the region’s developing economies.

A total of 78.38 million tonnes of the fuel used primarily to generate electricity is likely to be offloaded across Asia in May, according to data compiled by commodity analysts Kpler.