Chinese Coal Imports Set to Spike

Bloomberg reported that China’s coal imports are set to ramp up on the heels of the removal 40 percent tax on coke exports, when the WTO objected to the practice.

As quoted in the market report:

Exports of coke, used to make steel in blast furnaces, will jump next year, leading to more demand for the coal used to make the product in coking ovens in China, UOB Kay-Hian Ltd. analyst Helen Lau and researcher Custeel.com’s Mu Wenxin said.

To view the full Bloomberg report, click here.