![](https://i.imgur.com/CLvY2jA.png")
07-10-2021, 12:35 AM
China secretly starting to use Australia coal
All of China's wolf warrior diplomacy and hard talk cannot hold a candle to their need to keep the lights on.
Quote from the Financial Times article attached. 450,000 tonnes is nearly 4 times the paltry shipment from Kazakhstan that was widely trumpeted in Chinese media.
"China has started unloading a small number of Australian coal shipments despite an unofficial import ban, analysts said, in a move underscoring the intensity of the power crunch facing the world’s second-largest economy.
Nick Ristic, lead dry cargo analyst at Braemar ACM Shipbroking, said a handful of Australian cargoes waiting outside Chinese ports since a ban came into force a year ago had headed into berth last month and draft change had been observed, indicating that the coal had been unloaded. He said 450,000 tonnes of coal had been discharged.
Energy research company Kpler also said a total of five vessels waiting offshore had discharged 383,000 tonnes of Australian thermal coal into China last month.
It is possible the discharged coal had been resold to other countries, but traders said this was unlikely because of signals from Chinese authorities that it would be allowed to clear customs."
All of China's wolf warrior diplomacy and hard talk cannot hold a candle to their need to keep the lights on.
Quote from the Financial Times article attached. 450,000 tonnes is nearly 4 times the paltry shipment from Kazakhstan that was widely trumpeted in Chinese media.
"China has started unloading a small number of Australian coal shipments despite an unofficial import ban, analysts said, in a move underscoring the intensity of the power crunch facing the world’s second-largest economy.
Nick Ristic, lead dry cargo analyst at Braemar ACM Shipbroking, said a handful of Australian cargoes waiting outside Chinese ports since a ban came into force a year ago had headed into berth last month and draft change had been observed, indicating that the coal had been unloaded. He said 450,000 tonnes of coal had been discharged.
Energy research company Kpler also said a total of five vessels waiting offshore had discharged 383,000 tonnes of Australian thermal coal into China last month.
It is possible the discharged coal had been resold to other countries, but traders said this was unlikely because of signals from Chinese authorities that it would be allowed to clear customs."
