China has directed state-owned power plants to purchase domestic coal

Author: Eamonn Sheridan | Category: News

Keeping on top of the Australia - China trade tensions might  become a full-time pursuit!

Also, this in the local press, citing analysts and industry insiders :
  • Chinese government has begun warning state-owned power utilities not to buy new cargoes of Australian thermal coal
  • to purchase domestic coal instead
  • "Either in that meeting or after that meeting, apparently five major state-owned utilities are said to have been directed to stop buying new cargoes of Australian thermal coal," Wood Mackenzie's Asia-Pacific head of coal Rory Simington said.
Coal is Australia's second top commodity export (behind iron ore)

Australia - China trade tensions coal

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