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Thursday, 16 March 17
CHINA IMPOSING TOUGHER CONTROLS ON LOW-QUALITY COAL IMPORTS
Coal ExcavatorChina is ramping up controls on imports of low-quality coal due to concerns about smog and overcapacity in the world’s top coal consumer, a government official said on Wednesday, said Reuters.

According to Reuters, Zhi Shuping, head of the Administration of Quality Supervision, Inspection and Quarantine which oversees imports safety sash said, “As long as coal meets standards, we don’t forbid imports, but we are imposing controls on low-quality coal imports. If we let all kinds of coal import into the domestic market, it will hit the domestic market.”

Any action on imported coal by China will affect Indonesian coal exports as well as its prices. If China puts restrictions on low calorific value coal imports or introduces tougher inspections, might affect the Indonesian coal price in the short term. Indonesia is currently the world's leading exporter of thermal coal and one of the leading supplier of coal into China. 

On the other hand, any restriction on low calorific coal imports into China will also send domestic prices higher from current levels.

International coal prices have improved significantly since mid of last year due to China’s restriction on operating hours on Chinese coal mines. Indonesian coal prices also drastically arisen due to sudden demand increase from China particularly for low calorific value coal since Q2’ 2016.


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Recent News

Tuesday, 20 December 16
TURNAROUND IN CHINESE ECONOMY HAS INTENSIFIED RECENTLY, SAYS COMMODORE RESEARCH
According to the most recent Weekly China Report published by Commodore Research, it has remained encouraging that the turnaround in China’s ...


Monday, 19 December 16
U.S. WEEKLY COAL PRODUCTION DOWN 3.1% PERCENT WEEK ON WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...


Monday, 19 December 16
THE FREIGHT MARKET WAS CONTINUING TO SOFTEN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continually decline this past week and ending on a negati ...


Thursday, 15 December 16
SUPRAMAXES ARE ACHIEVING AROUND HIGH USD 7K FOR INDO/CHINA COAL ROUNDS - FEARNLEY
Supramax Pacific has been relatively quiet this week, with some softening signs. Supramaxes are achieving around high USD 7k for Indo/China ...


Wednesday, 14 December 16
INTERNATIONAL TRIBUNAL DISMISSED CHURCHILL MINING'S DAMAGES CLAIM AGAINST REPUBLIC OF INDONESIA
The Directors of Churchill Mining plc advise that, the ICSID Tribunal (“Tribunal”) granted Indonesia’s application to dismiss the ...


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