China's coal order from Australia is a sign of easing bilateral tensions
The Chinese side has ordered a shipment of coal from Australia, which is a sign that tensions between the countries are easing, according to the Hong Kong newspaper South China Morning Post.
According to the publication, we are talking about buying coking coal, a key component of China's steel production, which is more difficult to replace in production compared to thermal coal.
China has ordered 80 tons of coking coal from the Moranbah North mine in Queensland. Coal should be in China in late February or early March, according to a Chinese publication. According to the publication, the Chinese received this coal at a price of $000 per ton.
In January, the Chinese also ordered thermal coal from Australia, which is used to generate electricity. However, only when these shipments of coal actually end up in China will it be possible to say that relations between the countries have begun to thaw, the South China Morning Post notes.
The publication recalls that the latest order for 80 tons is a small batch compared to the volume of coking coal that China previously purchased from Australia on a monthly basis - 000-2 million tons.
China, the world's largest producer and consumer of coal, has not imported Australian coal since late 2020 amid diplomatic conflict that intensified after Canberra called for an independent inquiry into the origins of the coronavirus in early 2020 without consulting Beijing.
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