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China's coking industry association president Jin Gan said on Wednesday that due to tight domestic supplies, if coke exports continue to rise, China may consider raising coke export tariffs.
“I would like to remind coke producers that if they continue to increase exports, the government may raise the export tariff on coke,†Huang Jingan told Reuters.
However, Jin Gan said that he still does not know that the Central Government has any consideration for raising tariffs, and he refused to predict the possibility of raising tariffs in the second half of the year.
Customs data show that China’s export of coke has increased month by month since February of this year, reaching 1.67 million tons in May, up 25% from the previous month and up 3% from the same period of last year.
However, the total export volume in the first five months of this year has fallen by nearly 12% from the same period of last year.
China is the world’s number one producer of coke. China is trying to curb coke exports to limit the production of highly polluting coke and maintain domestic supply.
Coke is a key raw material for steelmaking. This year, due to the tight supply of coking coal and the government’s clean environment for the Olympic Games, the supply of coke in China has become tense.
Domestic coke prices have risen sharply this year. Traders and analysts said that by the end of June, the average price of secondary metallurgical coke had risen by more than 60% to nearly 3,000 yuan per ton.
Coke export prices are even higher. The average price of primary metallurgical coke was not as volatile as secondary metallurgical coke, but it also reached US$675 per ton at the end of June, up 50% from the beginning of the year.
However, some analysts believe that the annual quota of the central government for coke producers should be enough to curb exports.
“I would like to remind coke producers that if they continue to increase exports, the government may raise the export tariff on coke,†Huang Jingan told Reuters.
However, Jin Gan said that he still does not know that the Central Government has any consideration for raising tariffs, and he refused to predict the possibility of raising tariffs in the second half of the year.
Customs data show that China’s export of coke has increased month by month since February of this year, reaching 1.67 million tons in May, up 25% from the previous month and up 3% from the same period of last year.
However, the total export volume in the first five months of this year has fallen by nearly 12% from the same period of last year.
China is the world’s number one producer of coke. China is trying to curb coke exports to limit the production of highly polluting coke and maintain domestic supply.
Coke is a key raw material for steelmaking. This year, due to the tight supply of coking coal and the government’s clean environment for the Olympic Games, the supply of coke in China has become tense.
Domestic coke prices have risen sharply this year. Traders and analysts said that by the end of June, the average price of secondary metallurgical coke had risen by more than 60% to nearly 3,000 yuan per ton.
Coke export prices are even higher. The average price of primary metallurgical coke was not as volatile as secondary metallurgical coke, but it also reached US$675 per ton at the end of June, up 50% from the beginning of the year.
However, some analysts believe that the annual quota of the central government for coke producers should be enough to curb exports.