The Australia low-volatile premium hard coking coal price has fallen by over $64/t, or 21pc, from the start of the month to $247.45/t fob on 30 November.

There were 30 vessels queued off the port on 5 December, which was in line with 7 November.

Historically, crude oil and iron ore prices are strongly correlated, which is unsurprising given they are both commodities tied to the state of the global economy. But in recent weeks the link has largely been severed.

The Australian government's plans to cap the price of natural gas and thermal coal for domestic consumers has provoked the predictable howls of protest from the industry and warnings of dire consequences.

Kazakhstan's GDP expanded 2.7% y/y in Jan-Nov, PM says

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On a month-on-month basis, the CPI fell by 0.2 percent, compared with a 0.1 percent rise in October.

SPIC is one of the five major power generation groups in China and the largest solar power generation enterprise in the world, with its businesses covering 46 countries and regions, including Turkey.