The reduction in thermal coal imports into China will have negative effects on the Australian thermal coal exporters, as 80% of thermal coal exports now fall...

The reduction in thermal coal imports into China will have negative effects on the Australian thermal coal exporters, as 80% of thermal coal exports now fall into this banned category, in an attempt to decrease China's air pollution. The impact will likely lead to one of two things for exporters, refinement via washing (which will increase production costs) or having to find another seller (with China, the largest buyer, no longer in the market, the price will be reduced). Both of these events having a negative impact. The bigger issues however, is the slowdown in China. Watch the full video here: (VIEW LINK)