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25 Feb

Coking coal restrictions limit price impact

China’s restrictions on coal imports have continued to sow some confusion in the market. Prices, however, have only increased marginally relative to other steel-related products, as mills are focussed on margins, Kallanish notes. Traders tell Kallanish that a cap on imports has been imposed but that the restrictions are not specific to Australian coal. Only 12 million tonnes of coal in total is to be allowed to pass through ports controlled by th…
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