India’s annual rains add pain to Australian coal trade
The monsoon arrival signals the seasonal slowdown of Indian coal trade flows as the economy’s power utilities turn to hydro power and lessen their use of coal
Monsoons and a large stock build-up are forecast to induce an above-seasonal slowdown in Indian coal trade flows in the coming months. Most of the downturn will be felt by Australian coal exports that engage panamax and capesize vessels
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