Generally speaking, the coke market began to show downward trends last week. The whole market is depressed and inactive, laregly as a result of either the Olympics or the restrictions due to them. The price of low sulphur (below 0.8%S) coke kept stable, despite Daqing refinery closing for overhaul. Green coke for smelters from northeast China dropped RMB300/ton […]
In an announcement posted on Friday, the Chinese Government has announced new export tax increases on a range of goods, including coking coal and coke. Petroleum coke has not been included in this announcement, but the market maintains that Chalco’s proposal (which we reported last week, see below) will be rolled out some time before […]
In a new blow to foreign buyers of Chinese coke, the domestic market is rife with rumours of a new export tax on pet coke. The story goes that Chinalco has proposed to the Government that petroleum coke exports should bear an export tax (exact amount unclear), the argument being that China needs to limit […]
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The rules applying to exemptions relating to the recent scrapping of the export rebate have now been published. Contracts written prior to August 1 remain eligible for the rebate. To remain elegible, the supplier/exporter must register the contract with the authorities prior to August 15. The contract must be filled before th eend of this […]
The export rebates available for manufacturers of anodes and cathodes has reportedly been scrapped. Effective August 1st, the 13% rebate will be removed. This is as a result of China’s crackdown on high energy-consuming, polluting products and those which consume scarce resources. Industry insiders had espected the rebate to survive until 2009. But with the recent […]