Morning Bites (part 2)

🪨China is to resume Australian coal imports, with the first arrivals seen in late-February, Global Times reports, citing an industry insider. The decision is aimed at diversifying supply and stabilising Chinese import prices. The unofficial ban on coal trade with Australia, which was historically the second largest coal supplier to China (~30% of its imports), was imposed in 2020. However, in our view, this move is unlikely to have a material effect on the commodity's prices, as most of the previously banned volumes have likely already been redirected to other markets

#coal
https://metals-wire.com:3000/sector/Coal