China denying yesterday's Reuters report
- Says customs are strengthening quality and environment checks on coal
And the aussie jumps a little higher on the headline here with AUD/USD moving up from 0.7105 to a high of 0.7117. The fact that they're mentioning about quality control checks makes this a bit iffy in my view.
Sure, an outright "ban" is not true but if you're choosing not to import Australian coal due to "quality issues", you're still not importing Australian coal at the end of the day, no?
