China’s North Korea import ban the latest gyrating coal policy: Russell

20 Feb 2017   China, Coal, North Korea

Coal markets could be forgiven for feeling slightly confused about the recent signals coming out of top importer China, with both bullish and bearish developments in evidence. The most obvious bullish news relates mainly to coking coal used in steel-making, and like many announcements in China it’s political in nature. China said on Feb. 18 that it will suspend all imports of coal from its nuclear-armed neighbor North Korea until Dec. 31, a move that, if implemented, would bring a dramatic halt to cargoes from China’s fourth-biggest supplier of imported coal. The statement from the Ministry of Commerce was brief and didn’t go into reasons for the ban, although it came shortly after Pyongyang tested an intermediate-range ballistic […]

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