June 4, 2025 - A steep slow-down in China’s seaborne import demand has contributed to driving global coal prices down to four-year lows. This insight paper examines how soft domestic coal fundamentals in China and geopolitical machinations are shaping the 18-month outlook for supply, demand and price in the world’s largest coal producer, consumer and importer. It also provides an overview of three new price assessments launched to support the market’s understanding of trade flows of imported coal.

• - Full steam ahead for China’s coal production growth
• - Seaborne imports likely to continue contraction
• - Solar, nuclear expansion eats into imported coal demand
• - Understanding trade flows of coal imported in China