China may tighten Australian coal imports
amid recent tensions between the two countries, according to a
daily note from China Coal Market, which is affiliated with
China Coal Transport and Distribution Association.
* If the curbs are put in place, Australian coal prices will be
hit, said the note
* NOTE: China targeted Australian coal imports in 2019 by
slowing down customs clearance, stoking speculation that Beijing
was retaliating against a ban on Chinese telecommunications
giant Huawei Technologies
* NOTE: China imported ~32m tons of thermal and coking coal from
Australia in 1Q20, compared to ~18m in 1Q19
(Bloomberg)