In November, China is set to witness its second-highest monthly thermal coal imports this year, reaching around 29.21 million metric tons. The surge is attributed to increased arrivals from Indonesia, the world's leading thermal coal exporter, with estimates of 18.03 million metric tons this month. Chinese demand for Indonesian coal has led to price rallies, marking a 17% increase from this year's low. Conversely, India's appetite for Indonesian coal is waning, with an expected decline in November imports. India is likely to turn more to Australia for thermal coal, with steady imports of around 1.11 million metric tons. China's heightened coal purchases from Australia, preferring the same grade as India, contribute to the highest monthly imports since the end of the informal ban earlier this year. The competition for thermal coal in the global market, particularly from China, is influencing trade dynamics, with potential impacts on prices and sourcing preferences for major importers like India.

SOURCE: GOOGLE