China bans Aussie coal to support its own industry

CHINA has placed a ban on Australian coking and thermal coal imports, however, Australia may not be the only country affected by the ban that is designed to support the domestic coal industry, according to the ANZ bank.

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China bans Aussie coal to support its own industry China bans Aussie coal to support its own industry China bans Aussie coal to support its own industry China bans Aussie coal to support its own industry China bans Aussie coal to support its own industry

The quotas and restrictions are usually targeted at the thermal market in an attempt to protect the Chinese domestic market.

Chinese officials have asked power stations and steel mills to immediately stop using Australian coal and ports have also been told not to offload Australian coal.