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China’s coke exports jump to eight-month high

Keywords: Tags  coking coal, coke, Chinese coke, coke exports, China customs, export tax, export quota

SHANGHAI — Chinese coke exports totaled 120,000 tonnes in February, the highest level in eight months, according to customs data released March 8.

February’s total was three times January’s nine-month low of 40,000 tonnes (, Feb. 21).

“It is still too early to say if the scrapping of the coke export tax was instrumental in boosting the imports, because China’s coke export base rates were low,” an industry analyst in Beijing told AMM sister publication Steel First.

Besides removing the 40-percent export tax on coke (, Dec. 17), China also lifted its quota on outbound shipments of the steelmaking raw material (, Jan. 8).

“Now that domestic coke prices have slipped due to the weak steel market, we could expect some pickup in exports in the coming months,” the analyst said.

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