Until Beijing re-sets coal import quotas for the new year, no ships left major ports in Queensland and NSW in December,
After an analysis showed no ships left the main export terminals in Queensland and New South Wales for China last month, expectations for an early resumption of Australia’s coal trade with China were dashed. Market watchers claim this goes against the annual pattern of ships leaving for China in December so that they can arrive at the beginning of the new calendar year to reset coal import quotas. But last month, with approximately 50 ships carrying Australian coal still stranded off the coast of China, and in the midst of unresolved political and trade disputes between the two countries, traders seemed hesitant to face further delays. Australia Says China Should Let WHO Covid Investigators Enter “Without Delay ” Without Delay, concerns of a protracted trade disruption have escalated since last month, when Chinese state media announced that the country had implemented formal import restrictions targeting Australia’s annual coal exports worth $14 billion. According to a study by the global commodity and energy price monitoring agency Argus, neither Gladstone, Queensland’s largest coal export terminal, nor Newcastle, NSW’s largest, saw coal ships depart for China in December. In the last month, no shipments to China indicate that Beijing’s ban on Australian coal imports is not a quota problem, but a political one, indicating that Australian coal mining companies would have to wait far longer than they had hoped to enter the Chinese market, Guardian Australia said to Jo Clarke, Argus correspondent in Sydney. Normally, before import quotas reopen at the start of the new calendar year, we would expect coal shipments from these major ports to recover strongly in December. “Normally, we would expect coal shipments from these major ports to recover strongly in December before import quotas reopen at the start of the new calendar year. ” However, at the time, some ranks in government and industry downplayed the concern, indicating that it may be linked to the fact that the import quota from Australia is filled and allocations are likely to be reset in January. In November, the Guardian announced that China will raise its quotas for other suppliers to import coal for the remainder of 2020, but exempt Australia. According to the state-run Global Times, China’s National Development and Reform Commission met with 10 major energy suppliers in December and granted them permission to import coal without clearance restrictions, with the exception of Australia. The study prompted Scott Morrison to accuse China, if the change was confirmed, of breaching international trade laws and its agreement with Australia. Opposition Agriculture and Resources spokesman Ed Husic told Sky News that the government must “emphasize to China in particular that, apart from legitimate trade concerns or biosecurity concerns, trade will not be used in a way that pursues diplomatic or foreign policy objectives of individual nations. “On Wednesday, the government expressed concern about China’s actions on two fronts. “without delay. “without delay.”concerned about reports that more than 50 pro-democracy lawmakers and other pro-democracy figures in Hong Kong were arrested overnight under the National Security Act.”concerned about reports that more than 50 pro-democracy lawmakers and other pro-democracy figures were arrested overnight in Hong Kong under the National S.