Table of Contents
Why did China stop importing coal from Australia?
Late last year, China stopped buying Australian coal. That happened as trade tensions between the two countries soared after Canberra backed a call for an international inquiry into Beijing’s handling of the Covid-19 outbreak.
When did China ban coal imports from Australia?
Despite China’s increased need for coal, the customs agency’s data showed imports of thermal coal from Australia remained zero, as they have been since an unofficial ban took place in late 2020.
Has Australia stopped selling coal to China?
SINGAPORE, Oct 5 (Reuters) – China is releasing Australian coal from bonded storage, despite a nearly year-long unofficial import ban on the fuel, as it scrambles to ease a national power crunch stemming from a coal shortage, traders familiar with the matter said.
Is Australia selling coal to China?
Australia exported 213 million tonnes of thermal coal in 2020 and 192 million tonnes in 2021, while China imported about 300 million tonnes of coal in both 2019 and 2020, which is roughly 25 million tonnes a month.
Where does Australia’s coal go?
About 70\% of coal mined in Australia is exported, mostly to eastern Asia, and of the balance most is used in electricity generation.
How much of Australian coal goes to China?
Australian exports account for 58\% of the global seaborne trade in metallurgical coal, compared with 21\% in thermal coal. In 2019–20, China took a little over a third of Australia’s premium metallurgical coal exports and Australia supplied about 55\% of China’s metallurgical coal imports.
Does Australia sell coal to China?
Australian exports account for 58\% of the global seaborne trade in metallurgical coal, compared with 21\% in thermal coal. As BHP expressed it in its annual results report, ‘Australia was both the largest seaborne exporter of metallurgical coal and the largest seaborne supplier to the clearing market, China.
Is China accepting Australian coal?
China is releasing Australian coal from bonded storage, despite a nearly year-long unofficial import ban on the fuel.