Coal Prices Soar As China Refuses To Buy From Australia ...Middle East

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Coal Prices Soar As China Refuses To Buy From Australia
source : OILPRICE ( Middle East ) () 22
China banning Australian coal imports might be one of the most peculiar commodity stories of 2021. At a time when commodity prices are climbing, Chinese authorities decided to drop Australian coal, leading to a surge in worse-quality alternatives just as regional demand peaks. Meanwhile, China’s aim of punishing Australia for calling for an investigation into the origins of Covid has largely failed as Australian producers simply rerouted their cargoes towards India. China, on the other hand, was forced to buy increasing amounts of Indonesian…

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