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China’s rebounding imports lend support to Asian coal prices

Asian coal price benchmarks were supported this week by a rebound in Chinese imports that lifted markets, sparking hopes that the worst of a prolonged downturn for the fuel has passed. China imported 19.69-million tonnes of coal in March, up 15.6% on the year, official data showed on Wednesday, as power plants sought to replenish stocks after the winter heating season and ahead of the high demand summer period.