Coronavirus could increase Chinese thermal coal imports: WoodMac

THE lockdown of several Chinese provinces because of the outbreak of the coronavirus and the extended Lunar New Year holiday are likely to have weighed on the country’s domestic coal production, according to industry analysts Wood Mackenzie.

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Coronavirus could increase Chinese thermal coal imports: WoodMac Coronavirus could increase Chinese thermal coal imports: WoodMac Coronavirus could increase Chinese thermal coal imports: WoodMac Coronavirus could increase Chinese thermal coal imports: WoodMac Coronavirus could increase Chinese thermal coal imports: WoodMac

However, WoodMac expects the hit to coal-fired power and slower economic growth in China to partly offset the fall.

"We now expect Chinese GDP growth to fall between 3.2% and 4% in Q1," it said.