Southeast Asian nations likely to boost coal trade as China approaches peak

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Southeast Asian nations likely to boost coal trade as China approaches peak - Business Standard

Quick Summary:

Coal imports by the Philippines have grown 7.6 per cent during the eight months ended Aug.31, while Malaysian shipments grew 4 per cent , Kpler data showed.

While southeast Asian countries are expected to replace China and India as key growth markets for exporters, industry officials still expect consumption in the larger economies to remain high.

Alongside the Philippines, Indonesia counts as the most significant contributor to the growing use of the fuel in the region."The average age group of Indonesian installed capacity is relatively young and therefore it suggests the long-term demand would remain robust," said Patricia Lumbangaol, senior market research manager at Adaro International.