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Customs clearance times for Australian coal shipments to China are blowing out and traders are buying elsewhere - Report

Coal News - Published on Wed, 20 Feb 2019

Image Source: Business Insider
Reuters reported that Chinese coal traders are halting purchases of Australian coal and coking coal following significant delays in gaining clearance from Chinese customs. Sources say processing times had now blown out to as much as 45 days, more than double what was previously seen. The delays are only for coal cargoes from Australia. The Minerals Council of Australia says the delays could have a significant impact on Australia’s coal industry if extended for a prolonged period. Something unusual is happening to Australian coal exports entering China.

According to Reuters, Chinese coal traders are halting purchases of Australian coal and coking coal following significant delays in gaining clearance from Chinese customs.

“We have stopped ordering coal from Australia because it is unknown how long the restriction will last,” a manager at a Shanghai-based trading company who usually buys around 400,000 tons of Australian coal every month told Reuters.

The buyer said clearance times — typically ranging from five to 20 days in the past — had now blown out to as much as 45 days, seeing buyers switch to purchases from other major suppliers.

Three other buyers confirmed that it was only cargoes from Australia, the largest seaborne supplier to China, that were impacted by the delays.

The delay in processing times for Australian coal cargoes followed separate reports in early February that some Chinese ports had verbally notified importers that Australian thermal coal and coking coal would take longer than usual to clear.

Source :

Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
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