Insight

What's next for China's coal sector: will lowering VAT help domestic miners?

This report is currently unavailable

This report is currently unavailable

Get this Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

Report summary

Lowering VAT is likely to be the next announcement from China's government to support domestic coal producers. Adjustments to VAT have a marginal impact on China's coal sector as this step does not address fundamental problem of weak demand and oversupply.

What's included

This report contains

  • Document

    What's next for China's coal sector: will lowering VAT help domestic miners?

    PDF 333.12 KB

Table of contents

  • Executive summary
  • VAT: the next step for China's government supports
  • VAT will provide minimal support to domestic suppliers
  • Lower VAT will not impact imports
  • Conclusions

Tables and charts

This report includes 3 images and tables including:

Tables

  • Delivered cost comparison of domestic and imports in south China (RMB/t)

Images

  • Operating margin with 17% VAT– domestic thermal supply to coastal China at RMB430/t FOB Qinhuangdao (5500 kcal NAR energy adjusted)
  • Operating margin with 13% VAT– domestic thermal supply to coastal China at RMB430/t FOB Qinhuangdao (5500 kcal NAR energy adjusted)

Questions about this report?

  • Europe:
    +44 131 243 4400
  • Americas:
    +1 713 470 1600
  • Asia Pacific:
    +65 6518 0800