South Korean thermal coal imports likely to fall to 10-year low in first quarter

first_imgSouth Korean thermal coal imports likely to fall to 10-year low in first quarter FacebookTwitterLinkedInEmailPrint分享Reuters:South Korea’s first-quarter thermal coal imports are set to fall to a decade-low due to stricter air pollution measures, while the coronavirus outbreak has reduced the country’s demand for electricity.South Korea, the world’s No. 4 coal importer, is expected to import around 19.85 million tonnes of thermal coal for the first three months, down 19.2% year-on-year, according to Reuters calculations based on customs data and ship-tracking data from Refinitiv Eikon.That would be the country’s lowest first-quarter imports since 2010 when it imported 19.55 million tonnes. Demand is normally high during the quarter, which covers the winter months, running at 24-26 million tonnes over the past three years.The drop in imports comes after South Korea imposed tougher restrictions on coal-fired power from December through March, halting nearly half of the country’s 60 coal power plants by March as part of efforts to improve air quality.Meanwhile, analysts said the coronavirus outbreak had reduced demand for electricity as business and factory activity slows. South Korea has faced the region’s biggest COVID-19 epidemic outside of China, with over 9,000 cases.[Jane Chung]More: South Korea first quarter thermal coal imports set for 10-year low on anti-pollution measureslast_img

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