China’s thermal coal import halt seen as temporary setback for seaborne trade

摘要

The Chinese seaborne market was reeling from moves bythe government officials to put an immediate halt to thermal coalimports into the largest Asian importer for the remainder of the year,and possibly until the Lunar New Year holidays in February 2019.Market participants were coming to terms with reports from officialsources that ships intending to load cargoes from Australia andIndonesia would not be able to discharge these at ports in China’seastern province of Jiangsu and southern Guangdong province untilJanuary 1, 2019.