Worldwide Coal Market Is Adjusting as China’s Appetite Slows
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Chinese coal consumption is still on the rise, although a cooling rate of expansion is leaving producers with more than they can sell, said Ernie Thrasher, chief executive officer of XCoal Energy & Resources LLC.
The nation’s imports of the fuel have dropped 33 percent as of March compared with a year ago. Prices from the U.S. to Australia are trading at multiyear lows as the strong dollar has slowed efforts to stem a glut.