CHINA/AUSTRALIA – Australian coal workers to suffer economic pain, more acutely (Global Times)

Photo: Xinhua

Recent market attention over whether coal will be the next commodity to be impacted by the precipitating deterioration of China-Australia relations is understandable. Although BIMCO figures indicated that Australia was the best performer among all the major coal exporters to China during the first 10 months of this year with Chinese coal imports from Australia hitting a record high of 77.4 million tons, but it is economically feasible for China to reduce Australian coal imports, significantly.