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Macquarie: Thermal coal oversupply in China

THE latest data on China’s October coal production levels have led Macquarie Research to calculate an 18.8% growth in raw coal available in the nation’s vast thermal coal market compared to October last year, putting thermal coal into oversupply as domestic demand plummets.

Blair Price
Macquarie: Thermal coal oversupply in China

Figures provided by Reuters and Macquarie had China producing 219.3 million tonnes of raw coal for October, a 9.2% growth from October last year, while coke production fell 21% year over year. Macquarie’s...

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