Asian thermal coal swaps trade picks up steam


When China recently overtook the US as the world's largest oil importer, it was the latest milestone in the changing global commodity trade flows since the turn of the century that have made Asia the world's demand focal point.

It's not just oil. China's appetite for iron ore and subsequent market dominance – accounting for around 60% of global imports – led to the well-documented development of the iron ore spot market in 2009. Elsewhere, demand for seaborne LNG has been building beyond the tra

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