Chinese go-slow on Australian coal imports may be starting to show
Chinese coal traders are reported to have cut back on buying from Australia after the length of time taken by customs to clear cargoes reportedly doubled.
Index gained 9% from April to June, outperforming the S&P/TSX Composite index, which gained 6%, and the London Metal Exchange index, which gained 7% in the same period.
Second-quarter coal production at Central Appalachia's 25 top-producing mines totaled 11.63 million tons, up about 2.9% from the 11.30 million tons produced in the same quarter a year-ago.