Chinese traders freeze Australian coal orders amid 40-day customs delays – sources

FILE PHOTO: A ship waiting to be filled with a load of coal can be seen behind a surfer riding a wave at Merewether Beach in Newcastle, located north of Sydney in Australia, August 14, 2018. REUTERS/David Gray

BEIJING/MELBOURNE (Reuters) – Chinese coal traders have stopped ordering Australian coal as clearing times through China’s customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The traders and a broker said only cargoes from Australia, the biggest supplier […]

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