The price of seaborne thermal coal in Asia may come under pressure as China moves to impose some import restrictions on imports of the polluting fuel.
Several ports in southern and eastern China have introduced controls on coal imports, ranging from bans on unloadings to tightening customs clearances.
Among ports banning imports is the Chuanshon anchorage at Ningbo port, according to a manager at a coal trading house quoted by Reuters on Monday, while Zhoushan near Shanghai is restricting the number of vessels allowed to dock.
What is not clear yet is just how severe these restrictions are, how widespread they will become and how long they will last. Read More