The report attributed the weakness to China’s slowing industrial production, higher hydro-based generation, as well as ongoing implementation of policies aimed at curtailing coal consumption.
China’s proposed import ban aimed at curtailing high ash and sulphur coals could impact Australian and South African coal and potentially benefit cleaner Indonesian coal, according to the report.
Imports to China could also face a greater threat in the medium term, depending on the timing of bans on coal use in some major cities in south and east China, which are among the highest consumers of imported coal, it said.
The
