Newcastle coal futures increased to $128 per tonne as demand from China is set to rise as temperatures are falling. China’s thermal coal imports for November are anticipated to reach approximately 29.21 million metric tons, surpassing October’s 24.62 million and trailing only May’s 30.21 million, as per data collected by commodity analysts at Kpler. Out of the total, Australia is expected to deliver to China 7.22 million metric tons, a substantial increase from October’s 4.23 million, marking the highest monthly total since Beijing lifted its informal ban on imports from Australia earlier this year.
