Now China's putting on the squeeze, Adani could fail before it even starts.
"Australian thermal coal exports to China are under increasing pressure, with sources saying import restrictions are spreading to other key ports.Both the Chinese and Australian governments have played down talk of import bans, but many market observers suggest Australian coal appears to have been targeted either officially, or unofficially.
The commodities team at investment bank Credit Suisse says importers are now avoiding some lines of thermal coal destined for China's power generation industry.
"Australian high-ash coal designed for the China market is being belted relative to competitor coals, suggesting that prospective buyers are steering clear on the fears of being stranded with a distressed cargo if they can't land the material in China," Credit Suisse said."
https://www.abc.net.au/news/2019-03-19/coal-export-fears-resurface-as-restrictions-hit-more-china-ports/10915818
