The sustainability of the uptrend in seaborne thermal coal prices is largely dependent on the rate of Chinese domestic production, ANZ analysts said in a report released Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “If China’s coal production falls by 10% in Q1, the deficit in the Chinese market would be 38 million mt. If the fall in domestic output increases to 20%, then the deficit blows out to 115 million mt. The seaborne coal market will remain beholden to China’s ability to restart operations,” the analysts said. The prospect of lower Chinese production boosting demand for imported coal buoyed seaborne coal markets, the ANZ report showed. Indonesian thermal coal prices edged higher on the week amid healthy Chinese seaborne […]