Did Chris Pyne doom Aussie coal?

Thursday, 21 March 2019

Readers will know that MB is no fan of the $180bn man, Chris Pyne, but this is a bit rich, at The Australian:

Australian coal is set to face tighter scrutiny at Chinese ports at least until after the May election, with a speech by Defence Minister Christopher Pyne in Singapore in January blamed in China for sparking the latest Australia-China tensions.

…Speaking at a conference in Beijing this week, Platts’ chief Asian analyst for thermal coal, Michael Cooper, said it was now clear that lower-grade coal from Indonesia was being favoured by Chinese buyers over higher-quality coal from Australia.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.