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2021-10-05

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“Since the Australian coal ban, there has been a shortage of 35 million tonnes of high-quality coal. Currently, 70 per cent of [China’s] imported coal is from Indonesia, with an energy value of 3,800 kcal/kg, and it is difficult to import enough thermal coal with high calorific value and low sulphur,” said a note by Nanhua Futures on Tuesday.

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