Global seaborne thermal coal supply is unlikely to meet demand in H2 , according to Citi analysts. On the supply side, steam coal production has not been meetingexpectations for the past few years in general, along with a decline incapital expenditures in the global coal industry, the analysts said. The 477 million tonnes forecast to be shipped is short of the 477 million tonnes required, it said. Irene Tang blames the shortfall on declining capital expenditure in the mining industry and a slump in Indonesian steam coal exports. India , China and Japan are driving demand, it said.
Global seaborne thermal coal supply is unlikely to meet demand in H2 , according to Citi analysts. The 477 million tonnes forecast to be shipped is short of the 477 million tonnes required, it said. Irene Tang blames the shortfall on declining capital expenditure in the mining industry and a slump in Indonesian steam coal exports. India , China and Japan are driving demand, it said.