China shivers as coal ban sparks electricity shortages Crew members have been stuck aboard the bulk carrier Anastasia as a trade dispute over coal exports between China and Australia intensifies. Picture: Twitter / @AnnaKrien WILL GLASGOW CHINA CORRESPONDENT 6:00AM DECEMBER 18, 2020 https://www.theaustralian.com.au/na...s/news-story/ad1a46af0b30e0312c95b3496adfe789 Electricity shortages are worsening across China, forcing tens of millions of residents in large cities to ration heating, raising questions about how long Xi Jinping can continue to delay delivery of more than $1bn of Australian coal which feeds the nation’s power plants and steel mills. Australia in 2019 supplied 57 per cent of China’s thermal coal imports for power stations and more than 40 per cent of the nation’s imports of coking coal, a key ingredient in steelmaking, according to coal researcher IEA Clean Coal Centre. The electricity shortages have been causing increasing concern in Beijing as a mixture of booming industrial activity, protection of its politically powerful domestic coal sector and retribution against the Morrison government begins to affect daily life. “You cannot pretend that bad relations between China and Australia haven’t contributed to this situation,” a Chinese energy industry source told The Australian, asking not to be named because of political sensitivity. Residents in the industrial hub of Zhejiang — an east coast province of 57 million people which the Chinese President once ruled — have been instructed not to use heating until the temperature falls below 3C. Some people in Hunan — which has a population 67 million and was the birthplace of Mao Zedong — have been forced to climb 20 flights of stairs to get to their apartments as power cuts prevent the use of lifts. Restrictions on power usage have also spread to provinces including Shaanxi (population 33 million), Jiangxi (45 million) and Inner Mongolia (25 million), where temperatures this week have fallen below minus 40C. Last week, Shanghai’s municipal government told shopping malls and office towers to switch off airconditioning and all unnecessary outdoor lighting. Shanghai’s signature light and laser show along both banks of the Huangpu River will reportedly soon be suspended indefinitely. Over the weekend the National Development and Reform Commission met with major power companies to address surging domestic coal prices. In an attempted fix, the commission — China’s top economic planning agency — gave approval for power plants to import coal without clearance restrictions, “except for Australia”, according to state media. The all-but-official ban on Australia’s $14bn annual coal exports to China is the biggest strike in Beijing’s sweeping eight-month-long attempt to use more than $20bn of trade restrictions to punish the Morrison government for calling for an independent inquiry into the coronavirus. China’s state-controlled media has been reluctant to link the spike in coal prices and power restrictions to Beijing’s ban on coal imports, particularly from Australia. The country’s industrial analysts have been more direct in articles to clients spread over Chinese social media. “Many coastal power plants have renovated power units to use Australian coal,” wrote one Chinese industrial analyst firm, which also noted the “big gap in terms of quality” between Australian coal and that from Indonesia and Russia. Former Nationals leader and trade minister Mark Vaile said: “It’s going to be interesting to see how the Chinese government deals with this. Their concerns are always about maintaining civil stability. “If it’s Chinese government decisions that are causing power outages through a lack of supply of quality coal, well, that certainly will raise concerns in the community.” Mr Vaile is now chairman of coal company Whitehaven, which does not export to China. China this year imposed strict restrictions on imports to help struggling local coal producers by increasing domestic prices. Prices have skyrocketed since October on booming industrial activity in the world’s second-biggest economy and as cold weather hit much of the country earlier than usual, increasing demand. While Chinese consumers have been hit, China’s coal-producing regions are booming. “A sudden rise in demand has cleared out stock, leaving coal yards standing empty, and the roads are lined with trucks bearing the black gold,” reported Yicai, a Chinese business publication, after a visit to the central province of Henan this week. Industry sources told The Australian the price of thermal coal in China had in recent days traded well above the price limit of 600 yuan ($120) per tonne set by Beijing’s economic planning agency over the weekend. China’s Foreign Ministry has continued to deny that Australian coal has been black-listed, despite more than 70 bulk ships, carrying more than $1bn worth of Australian coal, being stuck for up to six months off China’s coast.
"...Electricity shortages are worsening across China, forcing tens of millions of residents in large cities to ration heating, raising questions about how long Xi Jinping can continue to delay delivery of more than $1bn of Australian coal which feeds the nation’s power plants and steel mills...." "...Over the weekend the National Development and Reform Commission met with major power companies to address surging domestic coal prices. In an attempted fix, the commission — China’s top economic planning agency — gave approval for power plants to import coal without clearance restrictions, “except for Australia”, according to state media..." "...A sudden rise in demand has cleared out stock, leaving coal yards standing empty, and the roads are lined with trucks bearing the black gold,” reported Yicai, a Chinese business publication, after a visit to the central province of Henan this week..."
'Designed to inflict maximum damage': Chilling spike in China's economic 'war' against Australia with 82 ships carrying a staggering $1.1BILLION worth of coal stranded in hostile waters - with 1,500 seafarers on board https://www.dailymail.co.uk/news/ar...rying-blacklisted-cargo-worth-1-1BILLION.html
Well, it's working, the whole "inflicting maximum damage" bit! Except, it's happening to the Chinese who can't turn to clean energy to heat their -40C homes, because solar energy kills the fucking spotted owl! Like coal! "...Restrictions on power usage have also spread to provinces including Shaanxi (population 33 million), Jiangxi (45 million) and Inner Mongolia (25 million), where temperatures this week have fallen below minus 40C..." Chinese commies are such dumbasses.
Coal exports from Port of Newcastle strong despite China's ban on Australian coal ABC Newcastle By Ben Millington Posted 1 hour ago https://www.abc.net.au/news/2021-01...ntinue-to-new-markets-amid-china-ban/13060130 Coal exports from Newcastle showed only marginal decline last month, despite China's ban on Australian coal.(ABC Newcastle: Anthony Scully) While Australian coal remains off limits in China, the trade tensions have barely dented overall export figures from Australia's largest coal terminal, with producers finding other international markets. Key points: Coal exports from Newcastle in December only declined 3 per cent Australia found new markets like India, since China's demand inflated international prices Analysts predict higher coal prices could persist through most of 2021 China usually accounts for 20 per cent of exports from the Port of Newcastle, and when coal ships stopped leaving for China in November, it raised the prospect of a shortfall in demand. Yet, overall export figures for December show only a 3 per cent decline on the previous year. A total of 14.9 million tonnes of coal were exported from the port last month, worth $1.7 billion, compared to 15.4 million tonnes in December 2019. Rory Simington, senior analyst with Wood Mackenzie, said the international coal market had rebalanced itself "remarkably quickly" in the face of the trade war. New markets emerge There were reports of more than 50 Australian coal ships queuing at Chinese ports having been refused entry to offload their cargo. But Mr Simington said new markets had opened for Australian producers, ironically as a result of China's surging power demand for heating through a bitterly cold northern winter. "The Chinese coal market's in a bit of chaos at the moment because there's an extremely cold winter there and prices for domestic coal are extremely high," Mr Simington said. "So they've gone to other places like Indonesia, Russia, South Africa and have pushed up prices in those destinations — that has provided opportunities for Australian coal into other destinations that it wouldn't normally compete into. "If China pushes up Indonesian prices, that means a consumer in India is looking at relatively much higher prices for Indonesian coal, and they're saying, 'well, I'll just have some Australian, thanks'."