Category Archives: China

Pick up in thermal coal prices over last month

Posted on December 23, 2020 by Gene Tunny

Unlike in WA where iron ore is the major commodity, in Queensland it’s coal that’s the big deal, and we should be thankful the Chinese ban on Aussie thermal coal doesn’t appear to have been that effective, as evidenced by … Continue reading →

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Where Queensland’s coal exports go

Posted on December 20, 2020 by Gene Tunny

In my post last Tuesday, PM puts China’s Aussie thermal coal ban in perspective, I noted how China’s Aussie coal ban would be much more concerning if it also applied to coking coal, which is more valuable per tonne and … Continue reading →

Posted in China, Mining | Tagged , , , , , , , , , , | 2 Comments

PM puts China’s Aussie thermal coal ban in perspective, but $100M+ annual loss to Qld state budget possible

Posted on December 15, 2020 by Gene Tunny

Prime Minister Scott Morrison did a good job yesterday at putting China’s reported ban on Australian thermal coal into perspective, pointing out Japan is our largest customer for thermal coal, and it takes twice the amount of thermal coal as … Continue reading →

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Coal price crash is bad news for the state budget and future capital investment

Posted on November 23, 2020 by Gene Tunny

Last Friday, John McCarthy at In Queensland reported Budget impacts loom as coal prices plunge to four year lows. Yes, recent falls in the coking coal price to around $US100/t for coking coal must be causing anxiety in Queensland Treasury, … Continue reading →

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Deloitte highlights trade tensions with China and lower commodity prices as risks to Qld recovery

Posted on July 6, 2020 by Gene Tunny

According to today’s Courier-Mail, Deloitte’s new Business Outlook report highlights the risks to Queensland’s economic recovery from lower commodity prices and trade tensions with China affecting our commodity, tourism, and education exports. Deloitte also rightly mentions the risk to the … Continue reading →

Posted in Budget, China, Floods, Macroeconomy, Mining, Retail trade | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Coronavirus catch up with CCIQ

Posted on March 2, 2020 by Gene Tunny

I dropped into the head office of CCIQ on Wickham Terrace today for an update on coronavirus and for a briefing on the December quarter Pulse survey results. Once again, I spoke with CCIQ Senior Policy Officer Gus Mandigora and … Continue reading →

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Coronavirus is massive shock to China with growing flow-on impacts on Qld economy

Posted on March 1, 2020 by Gene Tunny

Modern-day stoics such as Tim Ferriss recommend you avoid regular news updates as they can distract your focus and increase your anxiety. There is much truth in this, particularly on days like this when you learn the latest news about … Continue reading →

Posted in China, Uncategorized | Tagged , , , , , , | 2 Comments

CCIQ Coronavirus interview – Chief Economist “very concerned” about potential impacts

Posted on February 7, 2020 by Gene Tunny

The Courier-Mail‘s alarming story on Thursday Coronavirus to cause chaos for Queensland businesses prompted me to get in touch with the Chamber of Commerce & Industry Queensland (CCIQ) to seek a briefing on what they’ve learned from their various information … Continue reading →

Posted in China, Exports, Macroeconomy, Uncategorized | Tagged , , , , , , , | 6 Comments

China’s demographic future could be even worse than currently projected

Posted on January 21, 2020 by Gene Tunny

China is a major influence on the Queensland economy given the large value of our coal exports, so we should be paying close attention to how China’s poor demographics will affect its future economic growth. China’s unbalanced population, with lots … Continue reading →

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Qld’s exports to China doubled in less than 2½ years

Posted on June 10, 2019 by Gene Tunny

There was some excellent commentary on the US’s and Australia’s relationships with China on ABC Radio National over the weekend which I can highly recommend: FT’s Martin Wolf interview: Is the US wrong on the trade war? on Saturday Extra … Continue reading →

Posted in China, Exports, Uncategorized | Tagged , , , , , , , , , | 2 Comments