9,179.48 TL BIST 100 BIST 100
31.13 $ USD USD
€33.79 EUR EUR
44.36 TL Interest Interest
83.30 $ Fossil Oil Fossil Oil
22.41 $ Silver Silver
3.84 $ Copper Copper
115.68 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.87 TL Gold (gr) Gold (gr)

China has started buying Australian coal.

China has started buying Australian coal with the end of the unofficial ban.

China has started buying Australian coal.

China started buying Australian coal this month, marking the end of more than two years of unofficial ban, according to market sources.

Last month, three Chinese state-owned power plants - China Datang Corp., China Huaneng Group Co and China Energy Investment Corp. - in addition, steelmaker China Baowu Steel Group Corp has reportedly received permission from the government to import Australian coal.

The data shows that about 1.4 million mt of coal were loaded from Australia to China in about 14 shipments.

An Indonesian trader said, "As far as we know, not only four Chinese companies, but also traders are demanding Australian coal, which means an opportunity for them to trade. This may not affect Indonesian coal, as China will have to look to Asia for low CV requirements." 

Chinese coal buyers have been torn apart by rising COVID-19 cases and the New Year holidays, as a result, Indonesian coal demand has been sluggish so far. FOB Kalimantan 4,200 GAR kcal/kg coal was last rated at $67.50/mt on February 21.

On February 21, Newcastle rated 5,500 kcal/kg NAR coal with 23% ash at $118/mt FOB. Demand for Newcastle high-ash coal in 2022 from India and Southeast Asia weakened as buyers sought more competitively priced alternatives.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Zaporizhzhya Ferroalloy Plant continue to go on downtime in March

Wednesday, February 28, 2024

Global steel sheet markets remain flat; Türkiye's spot market recorded a decrease

Wednesday, February 28, 2024

New regulation for Canadian steel importers

Wednesday, February 28, 2024

In Brazil, flat steel sales increased on a monthly and yearly basis

Wednesday, February 28, 2024

China's iron ore futures recovered

Wednesday, February 28, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now