Lauri Myllyvirta @laurimyllyvirta.bsky.social · 03/08/2026China, Japan and South Korea are the three main countries to cut back their imports and balance the seaborne market on the demand side after Gulf exports were disrupted, so it's significant that those countries seem to keep cutting back imports. 131
Lauri Myllyvirta @laurimyllyvirta.bsky.social · 03/08/2026No "return to coal" in the data - thermal coal shipments bound for the three countries were all down on-year and on-month in July, after a brief rise to make up for a drop in volumes early in the year. The jump in China's met coal imports was due to a domestic mine accident. 160
Lauri Myllyvirta @laurimyllyvirta.bsky.social · 03/08/2026LNG shipments to China have rebounded close to last year's levels after a brief drop, despite prices remaining high. Japan and Korea never really cut back. This shows the vulnerability that comes with reliance on LNG due to the low storage volumes. 060
