The financial Times had the report: that China is expected to promote the use of domestic coal by tightening import rules
(Link, FT may be gated)
Anyway, the FT reporting on it now:
- “I think they will more actively promote use of domestic coal, at least through elevated customs checks if not outright action,” said Colin Hamilton, analyst at BMO Capital Markets. “And given current relations, Australian coal is definitely the initial target.”
Australian PM Morrison has a pet rock, coal. Not kidding.
This article was originally published by Forexlive.com. Read the original article here.