Business
China’s unofficial ban on Australian coal sees exports halt as trade war rages – ABC News
Normally one in five coal ships leaving the Port of Newcastle are bound for China. The latest shipping schedule reveals that number is now zero.
Thermal coal exports to China from Australia’s busiest coal terminal have completely stopped amid escalating trade tensions and an unofficial Chinese ban on Australian coal.
Key points:
- No coal ships are going to China from the Port of Newcastle
- Fourth quarter exports to China are down 82 per cent
- The coal industry may be waiting until until February to see if exports resume
Newcastle is the largest coal port in the world and trade with China made up 20 per cent of its exports last year.
But no ships…
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