China to Import Less Coal from Australia as Price Gap Narrows

Bloomberg reports that China, the world’s largest coal consumer, will import less material from Australia due to a narrowing of the gap with domestic prices.

As quoted in the market news:

“The difference has closed to about $13 a metric ton from $30 in June including freight costs, Oslo-based DNB Markets, a unit of Norway’s largest bank, said in an e-mailed note today.”

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