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Australia & China: Disengagement or Decoupling?

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  1. #161

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    So China's been bragging the last couple of days about how they have manipulated the price of Iron ore down. But Australia's just having a little chuckle and thinking here we go again. Most of the experts in Aus believe all they have done is deter speculation in futures, running down their reserves slightly, which creates short term price falls, but then they shoot themselves in the foot as this increases volatility and uncertainty, panicks the steel producers in China, creating price spikes in the future, and having completely the opposite effect.

    Already it seems like the effect wearing off. China really doesnt understand capitalism?

    https://twitter.com/CommSec/status/1407435111390273538


  2. #162

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    Last week, Australia lodged a complaint to WTO about Chinese tarrifs on Australian wine of more than 200%.

    This week, China lodges a complaint to WTO about Australian tarrifs on Chinese train wheels, wind turbines, and stainless steel sinks (Australia has some anti dumping laws on these items which China are suddenly unhappy about)

    https://www.news.com.au/world/asia/c...5682bd4616dbd7


  3. #163

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    Quote Originally Posted by bdw:
    Last week, Australia lodged a complaint to WTO about Chinese tarrifs on Australian wine of more than 200%.

    This week, China lodges a complaint to WTO about Australian tarrifs on Chinese train wheels, wind turbines, and stainless steel sinks (Australia has some anti dumping laws on these items which China are suddenly unhappy about)

    https://www.news.com.au/world/asia/c...5682bd4616dbd7
    Brings to mind Boeing and scotch whisky, this WTO tit-for-tat is pretty much par for the course

  4. #164

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    https://www.scmp.com/economy/china-economy/article/3148035/china-eyes-more-coal-imports-mongolia-supply-shortage-bites

    China is suffering from a spike in coal prices amid declining supplies, which has also prompted authorities to ban an influential local trading platform from updating coal prices and market news that could fuel speculation.
    The National Development and Reform Commission (NDRC), the country’s top economic planning agency, this week shut down the pricing indexes and two WeChat accounts of Yulin Coal Trading Centre, saying the company was publishing false information and was not authorised to collect, edit or publish news.

    The firm has promised to “stop releasing false information about the coal market through any channels”, the NDRC said in a statement on Tuesday.
    Feels like a recurring motif in their approach to problem-solving.
    hongkong7 and ReleaseZeKraken like this.

  5. #165

  6. #166

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    https://www.reuters.com/world/asia-p...de-2021-10-05/

    Must be pretty desperate if they have to humiliate themselves for so little benefit.

  7. #167
    Coolboy and bdw like this.

  8. #168

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    Quote Originally Posted by AsianXpat0:
    https://www.reuters.com/world/asia-p...de-2021-10-05/

    Must be pretty desperate if they have to humiliate themselves for so little benefit.
    The CCP will never admit to shooting themselves in the foot, they are looking more and more like the emperor with no clothes. Everyone can see their coal embargo against Australia is hurting them, yet they themselves can't see it. Meanwhile, I bet Aussies are just sitting back and having a good laugh.
    Last edited by Coolboy; 06-10-2021 at 07:56 AM.

  9. #169

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    East_coast likes this.

  10. #170

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    In the learn something new dept...

    Europe’s aluminium refining sector — which supplies that key element to automakers — expects to exhaust stocks of magnesium metal, a vital feedstock, by the end of November.

    Magnesium metal hardens the aluminium that is used in gearboxes, engine blocks, frames and other parts of cars.

    News reports in Beijing over the weekend warned to expect global shortages. That is because China now supplies 87% of the world’s magnesium metal and, due to the chronic electricity shortages, Beijing recently ordered closed 25 magnesium plants to close.
    https://smallcaps.com.au/latrobe-mag...etal-shortage/

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