Insight
China lowers coal export tax to help domestic miners
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Report summary
China's decision to lower coal export tariffs to allow miners to sell surplus production on the seaborne market is unlikely to fructify without significant tax concessions.
Table of contents
- Executive summary
- Transition from a net exporter to a net importer of coal – what next?
- Weak demand growth and oversupply, Chinese coal seeks an outlet
- At current prices, it will be hard for Chinese coal to compete with cheaper international coal
- Chinese coal can compete from cash cost perspective but again depends on removal of VAT and export tax
- Conclusion
Tables and charts
This report includes 9 images and tables including:
- China tax/rebate history
- Thermal coal exports and quota (Mt)
- Coking coal exports and quota (Mt)
- Japanese Power Utilities Apr-Mar contract settlement (US$/t)
- Delivered price of bit. coal into Japan (US$/t)
- Delivered price of sub-bit. coal into Japan (US$/t)
- Delivered price of bit. coal into S Korea (US$/t)
- Delivered price of sub-bit. coal into S Korea (US$/t)
- Delivered thermal cash cost curve for Japan, 6000 kcal NAR (US$/t)
What's included
This report contains:
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