China's coke exports provisional rate increase to 40%

China today published the official notice, decided on August 20, coke exports will be temporary tariff rate from the current 25 percent to 40 percent.

Analysts here believe that the government move was intended to curb high pollution, high-energy consumption products and ease the tight domestic supply situation of coke, while reducing the related industries of foreign indirect subsidies.

As domestic and international market larger spread, China's coke exports in the first months of this year, faster growth. Customs data showed that the first half of China's total exports of 7.44 million tons of coke, May exports amounted to 1.66 million tons, breaking the 2007 record exports since a single month.

To curb exports, early this year, official exports of coke will be provisional rate increase by 15 percent to 25 percent. This year the Ministry of Commerce last month announced the second batch of general trade export quota of coke was only 2.39 million tons, and this year the first batch of coke export quota for the 9.62 million tons.

With the policy of gradually markedly effective, in July, China's coke exports dropped by 10% year on year five, to 830,000 tons. The industry predicted that the second half of coke export volume level or slightly lower than the previous year.

State Customs Tariff Commission in today's notice also on commodities such as aluminum tariffs have been adjusted.

Since this month 20, will be the official exports of general trade under the provisional export tariff on aluminum, the tentative tax rate of 15 percent; coking coal exports will be temporary tariff rate from 5 per cent to per cent The 10 other bituminous coal and other export levy provisional tariffs, the tentative tax rate of 10 percent.