MYSTEEL: Supply worries drive modest recovery in China-bound seaborne coal

Global seaborne coal shipments to China, the world's largest coal consumer, showed signs of a modest recovery from recent lows, reflecting renewed interest among some Chinese buyers as tightening supply concerns lifted market sentiment, Mysteel learned.

According to Mysteel's monitoring data, total seaborne shipments of all coal types bound for China reached 4.36 million tonnes during February 16-22, up 14.6% from the one-month low of 3.81 million tonnes recorded a week earlier. The volume, however, remained 9.7% lower than in the corresponding lunar period last year.