MANAGEMENT

Met coal price dips as China seeks alternative suppliers

SEABORNE met coal hit a 2020 low and fell below US$100 per tonne for the first time since July 2016 as China banned Australian coal, according to RBC Capital markets.

China had been relying on Mongolian to replace Australian coal imports.

China had been relying on Mongolian to replace Australian coal imports.

China is trying to diversify its coal supply from different sources, however, its options are limited. RBC said US met coal had too much sulphur for Chinese coke producers so China had relied on Mongolian...

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