By Muyu Xu, Sudarshan Varadhan and Melanie Burton
BEIJING/CHENNAI, April 8 (Reuters) - India and Indonesia have emerged as key beneficiaries of a Chinese ban on Australia's coal exports which is expected to further shift global trade in the fuel used for power generation and steelmaking this year.
Australia, the world's biggest coal exporter, will continue to benefit from growing Indian demand for its coal, made cheaper after it was shunned by China, analysts said. Coal traders and buyers expect India's buying spree of Australian coal to last into next year due to its price and quality.
China has targeted various Australian products with unofficial import restrictions since March 2020 as relations between the two countries soured.
The ban has also benefited coal exporters in Indonesia, Mongolia and Russia as China's buyers switched suppliers, according to the latest Chinese customs data. Indonesia's coal miners signed a $1.5 billion supply deal with China in November.