China’s relationship with Australia is tight, about since October last year to suspend imports of Australian coal, but foreign media pointed out that Australian coal is still entering China through other markets.
The foreign media pointed out that Australian coal is still entering China through other markets
Whitehaven Coal, a coal company, said that China used high-cost coal from Russia, Indonesia, South Africa and other countries to make up for the shortfall. In addition, in response to strong industrial demand and extremely cold winters, China increased the total amount of imports at the end of last year, while Australian coal was first delivered to India and Pakistan, which used to sell coal to China.
The report pointed out that the loss of the Chinese market, resulting in the price of Australian metallurgical coal fell, but with the economic stimulus, India, Japan, South Korea, Vietnam, Taiwan‘s demand for Australian metallurgical coal increased. whitehaven Coal executive Paul Flynn (Paul Flynn) said bluntly that the Chinese ban on the company’s sales did not have a significant impact.
The analysis points out that, after a roundabout way, Australian coal is being exported to China through other countries, and Beijing authorities want to use coal to blackmail Australia’s trick this time completely failed to play.
Recent Comments