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Weak Chinese Imports Sink Asia’s Coal Prices to Four-Year Low
China’s streak of weak monthly coal imports continues, dragging thermal coal prices in Asia to a four-year low. Record-high domestic coal production and weaker coal-fired power generation in China have resulted in declining demand for thermal coal imports into the world’s biggest coal market. In April, China’s coal imports fell to 22.72 million metric tons, from 23.84 million tons imported in March, per data from commodity analysts Kpler cited by Reuters columnist Clyde Russell. Over the period January to April, China’s…