https://www.copyright link/companies/mining/glencore-says-china-tensions-are-hurting-amid-3-6b-loss-20200806-p55jd4
Speaking after announcing a $US2.6 billion ($3.6 billion) half-year loss, Mr Glasenberg said Australian coal was available at Chinese ports for about $US21 per tonne less than Chinese coal.
This confirms my other post that China's coal market is in good shape. China's coal market will probably influence overall Northeastern Asian market, nonwithstanding the political tussle between Australia and China.
OTOH, 7mil tons are being cut by Glencore, which is minimal amount in comparison to Australian coal export. I sense this is more of a political maneuvere that actual necessity for Glencore, no?
https://www.copyright link/companies/mining/glencore-says-china-tensions...
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