Tag Archives: china

Qld & Australia exporting lower volumes but earning more, due to higher coal and iron ore prices

Posted on June 19, 2022 by Gene Tunny

The pandemic and China’s trade restrictions have no doubt had some adverse effects on commodity volumes exported from Queensland, but super high commodity prices, associated partly with the war in Ukraine, have more than offset those impacts when it comes … Continue reading →

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Japan is Qld’s top export destination once again, but only by a small margin

Posted on June 18, 2022 by Gene Tunny

Thanks to the Japanese Ambassador for highlighting that Japan has overtaken China to return to being the top destination for Queensland exports, as Japan was for several decades prior to 2013 (see the chart below including data up to April … Continue reading →

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Senator Canavan explains why he opposes Net Zero by 2050 in my latest Economics Explored episode

Posted on October 27, 2021 by Gene Tunny

In Episode 111 of my Economics Explored podcast, Queensland Senator Matt Canavan explains why he opposes the Net Zero greenhouse gas emissions by 2050 objective. We have a wide-ranging conversation covering COP26, nuclear energy, hydrogen, China, the US political situation (particularly … Continue reading →

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COP26 chat with Grattan’s Tony Wood – climate change, renewables, nuclear, and coal

Posted on October 9, 2021 by Gene Tunny

In Economics Explored Episode 108, leading Australian energy and climate change policy expert Tony Wood from the Grattan Institute explains what COP26, the 2021 climate change conference in Glasgow, is all about and why it’s important. Tony discusses what “Net Zero … Continue reading →

Posted in Climate change, Energy, Mining | Tagged , , , , , , , , , | 4 Comments

Bulk of coal mining jobs in Central Qld, but Brisbane has 2-3K

Posted on December 27, 2020 by Gene Tunny

Last Wednesday, I was pleased to note that the Chinese ban on Australian thermal coal appears to have had little impact so far (check out Pick up in thermal coal prices over last month). This is good news especially for … 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 →

Posted in China, Mining | Tagged , , , , , , , , | 4 Comments

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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Qld economy in big trouble if China follows through with trade threat

Posted on November 7, 2020 by Gene Tunny

Australian investors appear remarkably optimistic about the prospects for patching up our relationship with China given that, as the Financial Review reported yesterday, ASX up 4.4pc in US election, QE week. I can understand why a new round of Quantitative … 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 →

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