Chinese port bans imports of Australian coal, sending dollar tumbling

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Dalian has blocked imports from China’s top supplier, Reuters reports, amid simmering diplomatic tension between Beijing and Canberra

One of China’s biggest ports has banned imports of Australian coal and will cap overall coal imports for 2019 through its harbours at 12m tonnes, an official at Dalian Port Group has said.

The indefinite ban on imports from Australia, which is China’s top coal supplier, comes as major ports elsewhere in China prolong clearing times for Australian coal to at least 40 days, Reuters has reported.

Related: China rejects Australian parliament cyber attack claims as ‘baseless’ and ‘irresponsible’

Aussie tumbles after China moves to ban Australian coal imports at its Dalian port https://t.co/j0VoH3RtuZ pic.twitter.com/4OMVjHs1Qr

Likely that this is payback for banning @Huawei from the 5G Network.

‘The indefinite ban on imports from top supplier Australia, effective since the start of February, comes as major ports elsewhere in China prolong clearing times for Australian coal to at least 40 days.’

I bet if Aus lifted it’s ban on Huawei’s involvement in the #NBN and general telco infrastructure, these bans would somehow be relaxed.
Exclusive: China’s Dalian port bans Australian coal imports, sets 2019 quota https://t.co/OP0vCoEH8K#auspol

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