Insight
Uncertainty abounds for Australian thermal coal exporters
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Rumours of a ban on Australian thermal coal to China have swept through the thermal coal market this week. In a meeting late last week China's General Administration of Customs (GAC) was said to have ordered an immediate halt to discharging of Australian thermal coal for a three month period - March to May. There has been no official confirmation of this. Separately there have been reports of various Chinese ports including Fangcheng implementing changes to clearance procedures for Australian thermal coal that could increase the clearance time for customs by up to 3 months. One thing appears certain - Chinese demand for Australian thermal coal is likely to be significantly impacted. Even if an outright ban is not implemented, a 3-month customs clearance time will significantly increase the cost and increase the risk associated with Australian thermal cargoes. What are the implications of a halt in Australian thermal coal exports to China?
Table of contents
- Who will be most impacted?
- Potential trade-flow impacts
- What this means for pricing
Tables and charts
This report includes the following images and tables:
- 2018 estimated Australian hi-ash exports to China
- India pricing arbitrage
What's included
This report contains:
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