OREANDA-NEWS. A significant rebound in coal price is unlikely in the short term despite some supply cuts in the Asia-Pacific (APAC) region, Fitch Ratings says in a new report.

China, which accounts for around 70% of the region's coal use, is likely to see its demand stay depressed due to a slowdown in industrial activities and a shift in energy mix. India's import demand overtook China's in 1H15, but further increases will depend on how quickly it can ramp up its domestic mining capacity and on the growth in its thermal-power generation. Some smaller and higher-cost players in Indonesia have cut or halted production, but its slow power-generation capacity build-up may keep its domestic demand growth slow in the next year or two.