More Chinese ports delaying Australian thermal coal imports.
An increasing number of Chinese ports are holding up Australian coal shipments, with long delays now being reported at Fuzhou port in the southeastern Fujian province, Rizhao in Qingdao and Yingkou in Dalian, according to traders and end-users in China.
The delays indicate that Chinese imports of Australian coal remain constrained, forcing Chinese buyers to increasingly withdraw from Australian thermal coal purchases in the market amid uncertainties.
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