Via The Australian:
Some 15 million tonnes of Australian thermal coal worth more than $1 billion is waiting to clear customs in China, according to industry analyst Platts, with no sign of an easing in processing delays imposed since February.
“Thermal coal market participants say they are yet to see any changes to Beijing’s import policy for seaborne traded coal, including Australian origin, which has endured long holdups at Chinese ports for the past several months,” Platts’ Asian thermal coal editor, Michael Cooper, told The Australian.
