Coking Industry Association: Coke Export Tariffs Will Increase

Recently, the media quoted the chairman of the China Coking Industry Association as saying that due to tight domestic supply, if coke exports continue to rise, China may consider raising coke export tariffs, and he currently does not know that the central government has any consideration for raising tariffs. , And did not predict the possibility of raising tariffs in the second half.
From January 1, 2008, the export tariffs on coke and semi-coke were raised from 15% to 25%. The total volume of exports in the first five months of this year has fallen by nearly 12% from the same period of last year. Gold Dry said to the media that China's coke exports have continued to show a sustained growth trend: from January to May, they exported 960,000 tons, 730,000 tons, 1,244,000 tons, 1.34 million tons and 1.66 million tons, respectively. By the end of June, the average price of secondary metallurgical coke had risen more than 60% to nearly 3,000 yuan per ton. The export price of coke is even higher. The average price of primary metallurgical coke also reached US$675 per ton at the end of June, a 50% increase from the beginning of the year.
The rise in coke prices is due to the chain effect caused by the increase in the price of raw materials, coking coal.
According to the latest report data from CITIC Securities, the spot price of coking coal in Shanxi increased by 55% in May from the end of 2007 and is 9% higher than at the end of April. After June, weekly gains ranged from 50 to 100 yuan per ton. The difference between coking coal at home and abroad has doubled.