China's move to scrap the 40 percent tariff on coking coal exports and possibly lift the tariff on crude coal exports could affect the global coal market, according to the manager of a coal export company. China's Ministry of Finance has announced that the 40 percent tariff on coking coal exports will be scrapped starting January 2013. Wang Songtao, assistant general manager of Shanxi Coal Imports and Exports Group Co., said if the problem of excess capacity on the domestic market worsens next year, it is possible that the government will lift the 10 percent export duty on crude coal. "Once this happens, China's coal exports could surge, and this could become a major factor affecting the coal market in the Asia-Pacific region and even the world," Wang said Friday at a coal trading fair held in Taiyuan, capital of coal-rich Shanxi Province. "For example, an annual export of 20 million tonnes could break the supply and demand balance and drag down global coal prices," he said.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor