China’s easing of a two-year ban on Australian coal may not have much of an effect on the dry bulk shipping market, according to brokers.
China’s state planner has allowed three central government-backed utilities and its top steel maker to resume Australian coal imports since Beijing unofficially banned them in 2020, Reuters has reported.
The National Development and Reform Commission (NDRC) on Tuesday called upon China Datang Corp, China Huaneng Group, China Energy Investment Corp and China Baowu Steel Group to discuss resuming Australian imports as China’s easing of Covid-19 restrictions boosts coal demand.
