Commenting on the coal fracas, yesterday Dalian port banned import of Australian coal.
I posted more just here a few minutes ago:
More from ScoMo:
- should not jump to conclusion on report
- sees nothing to suggest the move on coal was out of normal
- not the first time China has delayed coal, nothing new
Of most surprise to me is ScoMo is still PM. Go figure.
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ps.
ANZ had this to say earlier (in a nutshell):
- We believe recent restrictions and quotas on Chinese coal imports have been misconstrued.
- These restrictions are not new. Chinese authorities have been adjusting import quotas for some time, in an effort to balance domestic and international coal consumption.
- The recent sudden surge in imports may have instigated these latest restrictions. Total coal imports in January rose 228% m/m to 33.5mt. Inventories also remain at elevated levels, and international prices high.
