China began buying Australian coal during late February, signaling the end of an unofficial ban that ran for more than two years, according to S&P Global. Data indicates 1.4 million metric tons (mt) of coal was shipped from Australia for China in about 14 shipments. S&P Global said market participants expect China to start procuring more coal to stock up for summer demand and due to the expected rise in industrial activity after the relaxation of lockdown measures.
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