Analysts expect China could end Australian coal ban to save the economy


Source: thebl.com thebl.com

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Beijing Fuhua is a consultant for the steel industry. It said in a new research report that the ban on Australian coking coal has led to a sharp rise in coking coal prices in China, but there are “clear signs of thawing in the relationship between the two countries.” Chinese analysts expect Australian coking coal would be allowed to re-enter the Chinese market ahead of the upcoming 50th anniversary of diplomatic relations between China and Australia in December. “Bloomberg” also revealed that China is worried that the Russian-Ukrainian war will affect China’s coal supply. And besides the recent easing of...