China mulls lifting coal ban as Aussie trade war backfires big – MacroBusiness

Increasing noise on possible policy reversal: Shanghai Metals Market (SMM) reported yesterday that the Chinese government was in the preliminary stages of lifting its informal ban on Australian coal imports, but that such a move would still need to be approved by senior leaders. There has been no official comment on the article. Given that China’s steel industry is facing rising costs of coke up $140/t over the last four months there may be a need to reconsider the restrictions currently in place,…

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