Global Markets: China’s coke exports surpass 1m tonne for a second month

Moatize Coal Mine - Vale Mozambique

Moatize Coal Mine – Vale Mozambique

China exported 1.07 million tonnes of metallurgical and semi-finished coke in January, according to preliminary customs data released on Sunday February 8. This is the highest monthly level for such exports since the country scrapped a 40% export tax in January 2013, as reported by SteelFirst.

Last month is also the second consecutive month that the volume had exceeded 1 million tonnes. In December, China shipped 1.02 million tonnes of coke abroad.

January’s volume is also 44.6% higher than the 740,000 tonnes exported in January 2014.

China exported 8.51 million tonnes of coke in the whole of last year.

Close to 30% of the shipments went to India while around 27% went to Japan. They were joined by Brazil, Iran and Vietnam as last year’s top five buyers of Chinese coke.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s