Given that China is considered to be one of the biggest coal buyer in global, its coal imports per year are estimated between 200 million and 300 million tons. According to the president of a top industry body, there is an allegation that the rate of shipments during the last two months of 2019 could slow down, setting new level standards for the following years.
The Port of Los Angeles managed less containers of imported goods in September, following the ongoing trade war between the US and China, as the US sanctions affected the port given that it is the busiest one for ocean trade with China, as Reuters reports.
According to Reuters, traders are beginning to look for booking vessels or shipping liquefied natural gas (LNG), as they expect that winter demand will increase prices for spot cargoes, which are trading near record lows.
The International Energy Agency expects that China and the US will become world’s biggest LNG exporters and importers in five years. The US will surpass Australia’s and Qatar’s LNG exports in 2024, Reuters reports.
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